EU Wants Power To Block China's Tech Buying 203
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.'"
Let the games begin..... (Score:4, Interesting)
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 (Score:4, Interesting)
Let's buy China's companies! (Score:5, Interesting)