BERLIN (REUTERS) - The European Union should impose a temporary ban on Chinese takeovers of companies that are currently undervalued or have business problems because of the coronavirus crisis, the leader of the bloc's largest political alliance said on Sunday (May 17).. Read more at straitstimes.com.
BERLIN - The European Union should impose a temporary ban on Chinese takeovers of companies that are currently undervalued or have business problems because of the coronavirus crisis, the leader of the bloc's largest political alliance said on Sunday .
The European Union therefore should react in a coordinated way and put an end to the"Chinese shopping tour" by imposing a twelve-month moratorium on sales of European companies until the coronavirus crisis is hopefully over, Weber said.China and the EU launched negotiations on a comprehensive investment agreement in 2013, and have held numerous rounds of talks since then. Sticking points have included reciprocal market access and a level playing field.
Europe should take China seriously and show respect for the country as a world power,"but above all we have to be vigilant," Weber said.
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