The European Union should impose a temporary ban on Chinese takeovers of companies that are currently undervalued or have business problems because of the COVID-19 crisis, the leader of the bloc’s largest political alliance said on May 17.
Manfred Weber, a senior German conservative and chair of the center-right European People’s Party (EPP) in the EU Parliament, told Germany’s Welt am Sonntag newspaper that he was in favor of declaring a twelve-month ban for Chinese investors who want to buy European firms.
