German Minister Urges Stricter Laws to Evaluate Chinese Acquisitions of European Companies

German Minister Urges Stricter Laws to Evaluate Chinese Acquisitions of European Companies
State Secretary at the German Ministry for Economic Affairs Matthias Machnig at a news conference during the G20 digital ministers meeting in Duesseldorf, Germany on April 7, 2017. REUTERS/Wolfgang Rattay
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BERLINGermany wants to acquire the legal means to take a closer look at bids from Chinese companies to acquire German and European companies in order better to protect technologies, a German minister told newspaper Welt am Sonntag.

Matthias Machnig, state secretary in Germany’s economics ministry, said it was urgent that proposed Europe-wide measures to police surging Chinese investment be adopted by the end of this year.