Bloomberg
CNBC: EU proposes new rules to tackle takeovers from state-backed firms like those in China
* The proposal kicks off a discussion period that lasts until September.
* State influence has often been discussed in the EU, but the ongoing pandemic has made the issue even more pressing as many businesses are struggling for cash.
* “There is a lot of money coming into the union,” Vestager told reporters, adding that this is why her team needs new tools to oversee it.
The EU is making it harder for Chinese and other foreign state-backed firms to buy stakes in European companies, as concerns grow over unfair competition.
The European Commission, the executive arm of the EU, proposed Wednesday to have a bigger say when foreign state-backed firms buy stakes in European companies to a point where it could prohibit the merger — if its deemed that it could create market distortions.
The proposal kicks off a discussion period that lasts until September, but it comes after Germany and France pushed for changes at the top level. In a letter sent to the EU in February, both governments said it should revise its guidelines regarding mergers, as European firms were increasingly fighting against players that received “substantial state support.”
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Update #1: Europe is building defenses against Chinese takeovers of key industries (CNN)
Update #2: Brussels forges new weapons to shield EU market from China (Politico)
WNU Editor: Do to China what China does to everyone else.
3 comments:
This is a fight for your freedom
The left /china/Democrats currently suppress your rights
-to assemble (unless for racist terror organisers like BLM of course)
- to pursue happiness and earn a living
- the freedom to express yourself. You get deplatformed, demonized and demonetized, fired, called names etc
- due process. Remember when the left came for Kavanaugh? They accused him to be a serial rapist. In front of goods young children. In front of the world. With no evidence. That's the left. Utter totalitarianism. Right there. A stain on our collective conscience. Even the accusers friends didn't back her claims. And SHE was older than him (both in their teens when it supposedly happened). But no justice for men. ALWAYS BELIEVE WOMEN they shout. Do you really want to vote more of this party into office?
We are told women are the future. I hope not the likes of Maxine Waters who was the first politician to call for mobs and intimidation and harassment. SHE still has her job whole your country burns. Why? Because she's of the right gender and colour. If you don't want to be ruled by a mob. Vote her out.
Good luck to everyone. This is our generations fight. Tech tyranny, lies, coordination between cnn and China. We are under attack and once they get your guns, they won't listen to you anymore either. You will be suppressed, deplatformed, silenced, marginalised. And then on top of it all you'll lose your job, your family, your achievements and anything you stand for will be erased. That is the left. That is the exact same thing the Chinese do. No more opposition. Fight for your life! Fight for democracy. But do it peacefully. We are not like them.
Its interesting (but Unfortunately not suprising)that the usa didn't figure it out yet
And thats the reason why china and Russia ahead on certain weapons
Including electronic warfare
Drive China out of our markets
They need to pay us TENS OF TRILLIONS first. No more. Scumbags. Liars. Cheaters. Thieves. Murderers!
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