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EU Wants Power To Block China's Tech Buying

Posted by timothy on from the communist-block dept.

itwbennett writes "In an interview with German daily paper Handelsblatt, the EU's industry commissioner, Antonio Tajani, said he wants the power to block China from buying up European tech companies. Tajani envisions an authority along the same lines as the United States' Committee on Foreign Investment and would determine 'if the acquisition (of a company) with European know-how by a private or public foreign company represented a danger or not.'"

3 of 203 comments (clear)

  1. Re:Considering that they have tied their money ... by WindBourne · · Score: 3, Informative

    http://articles.cnn.com/2000-10-10/politics/clinton.pntr_1_wto-membership-china-global-trade-regime?_s=PM:ALLPOLITICS

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    I prefer the "u" in honour as it seems to be missing these days.
  2. Re:So Chinese agents will buy the companies instea by MichaelSmith · · Score: 3, Informative

    This comes from my wife's relatives and friends. They are primarily Malaysian born Chinese with Australian PR or citizenship. And yes they have a lot of trouble saving to buy. They see a lot of mainland Chinese born people buying property purely to invest. Additionally my wife works as an architect and she knows of mainland Chinese businesses which are actively investing in the Australian property market. They do projects typically between five and 10 million AUD. Usually high density unit development. She looked at working for them but they weren't paying enough to justify the risk.

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    http://michaelsmith.id.au
  3. It's more complicated than just that.... by Bacon+Bits · · Score: 4, Informative

    Yes, but the reason the US machines were able to take off is because the European mills were all destroyed or put out of business by the people who worked, owned, or invested in the manually run non-industrialized mills. If the Europeans hadn't so soundly rejected the new processes then industry in the US would have floundered by being unable to produce goods at competitive prices.

    Today we remember these angry Europeans -- who are infamous for storming the new mills and breaking the machines -- for the name of one of the most outspoken among them: George Ludd. Yes, they were the Luddites.

    Yes, the plans were stolen away to the US, but they were not being used in Europe because the technology was socially unacceptable!

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    The road to tyranny has always been paved with claims of necessity.