the European Union (EU) is committed to protect your company from threats from China. This was developed for measures that should limit the ability of foreigners to absorb local firms, as well as to prevent unfair competition. This writes Bloomberg.
Europe is afraid of the ambitions of Beijing. EU Commissioner for competition, Margrethe Vestager announced on 17 may, the plans to combat unfair competition and foreign financing of a number of European companies. The proposed restrictions could lead to a ban on some companies to buy European assets, or force to abandon them. “We want to control its territory,” said Vestager. She noted that foreign subsidies at the moment, there is absolutely no control.
China has stated that it will carefully consider the document and hopes that he will be objective and fair to all. Subsidies are a political instrument, and Europe and the United States — who are the main beneficiaries from them, the statement said.
Pandemic coronavirus called in the EU the biggest economic downturn in nearly a century. Manfred Weber, the German legislator, who heads the largest group in the European Parliament, said that a “very concerned that China will benefit from the economic downturn in Europe.” He is confident that the EU urgently need laws that will not allow foreigners to buy strategic companies at a bargain price.
At the end of the first quarter of 2020 GDP in the Eurozone fell 3.8 percent. In early June, the economic expectations index in the Eurozone rose from minus three points in may to 21.8 points in June, the biggest increase since November 2017
