WSJ: Behind China’s Decade of European Deals, State Investors Evade Notice
Thu October, 2020, Age: 2 years
New research by a Dutch consulting firm shows that of 650 Chinese investments in Europe since 2010, roughly 40 percent have moderate to high involvement by state-owned or state-controlled companies. The extent of Chinese state involvement in these investments highlights the lack in the EU of a corresponding regulatory body to the U.S. Committee on Foreign Investment in the U.S., known as CFIUS, which can block international acquisitions of U.S.-based companies on national security grounds. As skepticism of China’s global presence grows, European officials are increasingly worried that they may have left European companies exposed to unwanted foreign influences, loss of critical innovations, and an erosion of cutting-edge industries. New EU regulations aimed at filling this gap are due to take effect on October 11.