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Rising China tests EU trade and competition policy
04 April 2019 00:00
China's growing industrial clout and state-backed efforts to move up the value chain have caused alarm in Brussels and EU capitals, leading to calls to loosen merger law or restrict access to public procurement markets. But policymakers don't have that many levers to pull, and those that they do could have adverse consequences for EU consumers. Poppy Carnell and Natalie McNelis talk to Sam Wilkin about the difficult choices to be made, both before and after a summit on April 9.
Unfair competition from China has got the European Commission scrambling to come up with a solution that doesn’t involve loosening its merger laws.
EU laws governing mergers, antitrust and state aid must take account of the challenges of a globalized economy and new technologies, the European Council said today after France and Germany pushed for changes to a summit communiqué.