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'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.