Bloomberg
EU Pushes Back on China With Powers to Thwart State-Backed Firms
(Bloomberg) — The European Union is looking to strengthen its hand against the growing economic threat posed by China, with new powers targeted at foreign state-owned companies.The European Commission, the bloc’s executive arm, proposed new rules to levy fines and block deals, according to a draft obtained by Bloomberg. While China isn’t specifically mentioned in the proposal, the move follows complaints from…
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