EU warns of Chinese takeovers amid staggered reopening
The European Commission worries that Chinese state-owned firms may pay less for financing to fund business operations within Europe
19 May 2020 - 16:48
Brussels/London — The EU needs to be “vigilant” about Chinese takeovers if the bloc’s economic recovery from the Covid-19 pandemic lags behind, executive vice-president of the European Commission Margrethe Vestager has said.
“It is very important to be vigilant, especially in a situation where they may be sort of a staggered recovery, where some parts of the world recover faster than others,” Vestager said in an interview with Bloomberg TV on Tuesday when asked about the potential threat from China...
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