Margrethe Vestager says the EU is concerned about its funding to member states ending up in the pockets of state-funded companies overseas. Photo: EPA-EFE
Margrethe Vestager says the EU is concerned about its funding to member states ending up in the pockets of state-funded companies overseas. Photo: EPA-EFE

EU seeks to curb investment by state-backed buyers from China and other countries

  • The proposal is in response to EU’s fear of foreign subsidies being used to grow market share or underbid European rivals to gain access to important markets
  • New measures are needed as existing rules are not enough to ward off a potential post-coronavirus buying spree of cheap assets, according to the European Commission

Margrethe Vestager says the EU is concerned about its funding to member states ending up in the pockets of state-funded companies overseas. Photo: EPA-EFE
Margrethe Vestager says the EU is concerned about its funding to member states ending up in the pockets of state-funded companies overseas. Photo: EPA-EFE
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