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Vestager Backs ‘Intrusive’ Rules as EU Targets Chinese Firms

  • EU will propose new curbs for state-funded firms on Wednesday
  • Measures need ‘sufficient deterrent effect,’ Vestager says
Margrethe Vestager
Margrethe VestagerPhotographer: Geert Vanden Wijngaert/Bloomberg

The European Union needs “intrusive” rules to prevent foreign state-funded firms -- such as those from China -- from undercutting EU rivals, the bloc’s competition commissioner warned.

Speaking the day ahead of proposals aimed at curbing potentially unfair competition, Margrethe Vestager said the measures needed to have a “sufficient deterrent effect” to serve their purpose.