EU seeks to curb investment by state-backed buyers from China and other countries

Europe took aim at China’s subsidised state-owned enterprises, as it proposed on Wednesday to set up new barriers to curb future – and possibly existing – investments by foreign firms receiving state aid.The measure was in response to the EU’s fear of foreign subsidies being used to grow market share or underbid European rivals to gain access to strategically important markets or critical infrastructure.It came just days before European Commission President Ursula von der Leyen and European…

Read the original article at South China Morning Post