CHINA: China Concern Over EU Push to Curb Foreign Takeovers

Monday September 18 2017

China has expressed concern over a proposal by European Commission chief Jean-Claude Juncker to limit its ability to buy up European companies in the infrastructure, hi-tech manufacturing and energy industries.

It aims to give EU members a tool to intervene in case of foreign direct investment in strategic assets, in particular if carried out by state-controlled or state-financed enterprises.

Chinese foreign ministry spokesman Lu Kang stated in response that the EU had for a long time been promoting free trade and making investment easier, which have brought real benefits to European nations. He urged the European Union to respect World Trade Organisation principles, especially non-discriminatory principles, in any measures it adopted.

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