EU Is Ready to Fight Back Against China's Growing Trade Dominance
- Bloomberg survey of EU28 shows investment screening is coming
- Even those with reservations favor a debate on China strategy
U.S.-China Trade Talks End With No Deals
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Europe is set to tighten controls over foreign investment, a sign of growing wariness of China’s efforts to use its $11 trillion economy to become a dominant global power.
A Bloomberg survey of the European Union’s 28 member states found that at least 15 governments actively or tacitly support draft legislation that would screen investments from outside the bloc. With a majority prepared to wave it through, the proposal is on course for passage by the European Parliament, the bill’s next step to becoming law.