Slashdot Mirror

← Back to Stories (view on slashdot.org)

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. Considering that they have tied their money .... by WindBourne · · Score: 5, Insightful
    to the dollar, I say block it. The fact is, that while China belongs to WTO and IMF, they obey NONE of it. It is time for the west to say enough, is enough. China needs to obey the treaties and other legal obligations that they have signed. That includes:
    1. allowing their money to float freely(WTO, IMF, and Clinton accord).
    2. Quit dumping (WTO, and Clinton Accord).
    3. Quit subsidizing all of their state businesses (WTO, IMF, and Clinton Accord).
    4. drop trade barriers(WTO, and Clinton Accord).
    5. Turn on their pollution control mechanisms (Japanese treaty).
    6. Allow rare earth exports (WTO).
    7. quit buying up companies and the telling them to either move the company to China or directing that 100% of the goods be transfered to China (WTO).

    And that is just for starters.
    The fact is, that the west needs to say enough is enough. I support free trade, but not when it is one sided.

    --
    I prefer the "u" in honour as it seems to be missing these days.
  2. Re:China is becoming too powerful by WindBourne · · Score: 5, Insightful

    Personally, I do not mind if they become #1. I object because they are cheating the whole way and it is obvious that top pols are in a cold war with the west. And yet, of the flower childs running around the west scream give China a chance. I say, let those flower childs (and the GD CEOs that move the jobs there) to MOVE TO CHINA AND STAY THERE.

    --
    I prefer the "u" in honour as it seems to be missing these days.
  3. Re:China is becoming too powerful by dangitman · · Score: 5, Insightful

    And yet, of the flower childs running around the west scream give China a chance.

    Who are you talking about here? The "flower children" are pretty much screaming at China in the name of a Free Tibet and the Dalai Lama. The "give China a chance" crowd are the über corporatist/capitalists.

    --
    ... and then they built the supercollider.