Politics
Europe Tests New Role of Global Leader in Curbing China’s Ascent
- EU mulls blocking M&A by Chinese, foreign firms aided by state
- Measure is part of bolder EU push to curb China’s influence
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In a rare display of geopolitical muscle, the European Union is rolling out a series of measures aimed at redefining its relationship with China while also trying to rein in Beijing’s trade ambitions on the continent.
The European Commission on Wednesday will unveil a set of proposals to bolster local industries in fighting back against companies that receive aid from foreign governments. The plan could ban these non-EU firms from making acquisitions, or force them to divest assets, and allow the commission to impose fines.