(Reuters) - 'Europe should .. ban Chinese takeovers.'

Posted by archive 
'BERLIN (Reuters) - The European Union should impose a temporary ban on Chinese takeovers of companies that are currently undervalued or have business problems because of the coronavirus crisis, the leader of the bloc’s largest political alliance said on Sunday.

Manfred Weber, a senior German conservative and head of the centre-right EPP grouping in the EU Parliament, told Germany’s Welt am Sonntag newspaper that he was in favour of declaring a twelve-month ban for Chinese investors who want to buy European firms.

“We have to see that Chinese companies, partly with the support of state funds, are increasingly trying to buy up European companies that are cheap to acquire or that got into economic difficulties due to the coronavirus crisis,” he said.

The European Union therefore should react in a coordinated way and put an end to the “Chinese shopping tour” by imposing a twelve-month moratorium on sales of European companies until the coronavirus crisis is hopefully over, Weber said.'

- Reuters, Europe should temporarily ban Chinese takeovers: Germany's Weber, May 17, 2020

Context 'What do we do about China now?' - '..the Chinese manipulated Western politicians and business leaders into thinking China was evolving toward democracy and capitalism.'

Taiwan's success in fighting coronavirus has bolstered its global standing. This has infuriated Beijing, May 16, 2020

China Faces Angry World Seeking Virus Answers at Key WHO Meeting, May 16, 2020

China is mobilizing its global media machine in the coronavirus war of words, May 15, 2020

(WSJ) - '..concern grows about reliance on Asia as a source of critical technology.'

'..China’s “civil-military” fusion promoted by President Xi Jinping.' - 'China isn’t the only country to see some of its virus assistance backfire in Europe.'

(The Chinese Communist Party is a threat) - ' “Made in China 2025” .. “Civil Military Fusion” .. Xi Jinping speaks regularly of “preparing to fight and win wars.” From Europe to the Middle East, from the Indian Ocean to the Pacific..'

'China’s Vision of Victory .. is of a world under authoritarian rule .. incompatible with U.S. democracy.'