EU Wants Power To Block China's Tech Buying

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.'"

Comments

Let the games begin.....

[Bob_Who]

Economics. Its all a lot more civilized than violence.

But lets stop trying to win petty economic battles in lost wars... Democracies always seem to resort to trade restrictions when confronted by another majority. Its no fun anymore when you are suddenly out numbered by your own ideology.

Human beings are prone to human nature in any and all cultural landscapes. I read that in a fortune cookie (an American custom).

Personally, I like Chinese Food, and I look forward to prosperity and success for all nationalities no matter what economic policies are negotiated, or implemented. Just make sure not to squander life or liberty if wealth belongs to someone else... Other people are people, too.

Re:China is becoming too powerful

[DNS-and-BIND]

That sad old "narrative" pops up in every single China thread on Slashdot, ever. Hint: the US did not "get into power" that way, and China's wholesale technology theft is orders of magnitude larger than that practiced by a 19th century agricultural nation. *sigh*

Let's buy China's companies!

[DNS-and-BIND]

Let's do China one better, and buy its tech companies and loot their assets! What's that you say? China has laws on the books prohibiting the sale or investment of companies which may damage its national interest? Entire industries are restricted? And there are parts of China's economy totally prohibited from any foreign investment whatsoever? Surely Europe and America can trust this country and not apply any reciprocal policies that fuck over China as much as China fucks over foreign firms.