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Merkel Says EU Antitrust Rules Are Naive About Threat of China

  • German chancellor says Siemens-Alstom rejection was ‘rash’
  • EU must consider European champions, rule changes, Merkel says
Angela Merkel in Berlin on June 4.
Angela Merkel in Berlin on June 4.Photographer: John MacDougall/AFP via Getty Images

German Chancellor Angela Merkel blasted the European Union’s merger rules for failing to take into account growing Chinese dominance and hampering efforts to compete on the global stage.

In a speech to an industry group in Berlin, the German leader complained that the EU Commission took no account of Chinese competition when it blocked an industry-changing rail deal between Germany’s Siemens AG and France’s Alstom SA.