In recent years, Chinese companies have been substantially increasing their investments in the European Union. From the vineyards of Bordeaux to robot manufacturers in Germany and construction machinery makers in Italy, these companies have been on a buying spree of unprecedented proportions. In the EU, the rapid growth has fuelled fears about the impact of these investments on jobs, technology, and Europe’s long-term industrial capacity, sparking calls for more oversight. In this context, some see the investment screening mechanism the EU put in place in 2019 as targeted at Chinese companies. During the pandemic, growing concerns that vital European technology…
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