BRUSSELS, June 18 — Beijing’s ambassador to the EU today rapped Brussels over plans for tougher rules for heavily-subsidised foreign companies, which would particularly target Chinese firms. Zhang Ming said the EU was taking a “worrying” path away from open trade, warning that moves were...
Beijing’s ambassador to the EU Zhang Ming’s comments come after the European Commission, the bloc’s executive arm, announced plans for new legislation aimed at ensuring foreign firms backed by heavy state subsidies do not distort competition in Europe. — Reuters pic
Zhang Ming said the EU was taking a “worrying” path away from open trade, warning that moves were already making Chinese investors wary. “Our interaction should be a positive cycle that enables mutual success, not a knock-out match which allows only one winner,” Zhang said at an online seminar hosted by the Centre for European Policy Studies think tank.
There is particular concern about Chinese companies swooping in to buy European companies weakened by the coronavirus-triggered recession.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China envoy raps EU over proposed competition rulesThe bloc is concerned about Chinese firms swooping in to buy European companies weakened by the recession. FMTNews China Economy Subsidies
Read more »
Merkel urges EU recovery deal before end of July | Malay MailBERLIN, June 18 — German Chancellor Angela Merkel today urged the European Union to reach an agreement on a recovery plan worth €750 billion (RM3.6 trillion) by the end of July to kickstart an economy battered by the coronavirus pandemic. “It would be best if we could reach an agreement...
Read more »
EU opens antitrust cases against Apple | Malay MailBRUSSELS, June 16 — The EU’s powerful antitrust authority opened a series of cases against Apple today, including one brought by Spotify alleging the iPhone maker makes unfair use of its app store. The European Commission also launched an in depth investigation into Apple Pay, amid concerns...
Read more »
EU says Trump move against international court ‘unacceptable’ | Malay MailBRUSSELS, June 16 — The European Union today voiced grave concern about US President Donald Trump’s June 11 decision to authorise sanctions against the International Criminal Court, saying any punitive measures were “unacceptable and unprecedented”. The bloc, whose trade and security ties...
Read more »
China envoy raps EU over proposed competition rulesThe bloc is concerned about Chinese firms swooping in to buy European companies weakened by the recession. FMTNews China Economy Subsidies
Read more »