Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Project

Brussels plans to present concrete initiatives screening foreign investment in Autumn

August 15, 2017


Abstract : The European Commission seeks to present measures to closer scrutinize foreign investment in September, a move widely reported by media to target at countries including China as the bloc sees increasing presence of Chinese companies.

BRUSSELS, Aug. 14 (Xinhua) -- The European Commission seeks to present measures to closer scrutinize foreign investment in September, a move widely reported by media to target at countries including China as the bloc sees increasing presence of Chinese companies.

"We are working on this and plan to present concrete initiatives in Autumn," Annika Breidthardt, spokesperson of the executive arm, told a press briefing.

Breidthardt said concerns on foreign funds had been raised and seen in public but declined to mention specific cases the Commission was screening. She asked reporters to wait for more information till September.

The European Commission President Jean-Claude Juncker has laid out his policy agenda to protect the bloc's trade in September last year and work has been done regarding trade defense instruments, said Breidthardt.

A document adopted by the Commission in May cautioned that foreign companies, notably some state-owned enterprises, took over European companies in key industries. The European Council in June asked the Commission to screen foreign inputs in those "strategic sector."

Media reported that Juncker would announce measures in September to tackle perceived gaps in the EU's armoury compared with the United States and other major economies in vetting foreign takeovers in strategic sectors.

The move reportedly emerged as Europe worried that China may gain a technological edge by buying European know-how. Enditem

Scan the QR code and push it to your mobile phone

Keyword: Brussel-plan-initiatives-screening-foreign-investm

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial