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
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
European Union

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

Topic |   European Union
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
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
READ FULL ARTICLE