Europe's Investment-Screening Plan Clears Final Political Hurdle
- EU Parliament endorses legislation to limit security threats
- Approval ends 17-month push fueled by jitters over China
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The European Union established rules to prevent foreign investments from threatening national security in a sign of growing political unease over Chinese acquisitions.
The European Parliament approved legislation to screen foreign direct investments, wrapping up 17 months of deliberations over an initiative that for years had been deemed too controversial to take as a result of opposition in the bloc’s national capitals.