EU: Trump's pushback against China

Vikrant

Gold Member
Apr 20, 2013
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The U.S.
You have to hand it to Trump for bringing China to its knees single handed. Now China is ready to make a deal with US that will be fair to US. EU has been watching this and now they want to push China too :)

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SYDNEY, Australia — The European Union on Tuesday came together to put an end to its gaping hole on the security and intentions of Chinese investments in the 28-state bloc.

The decision brings the Europeans closer to the recent shift in US policy under the Trump administration that deems China a clear strategic challenger and an unrivaled economic spy partially responsible for shifting some $600 billion of intellectual property out of the US economy alone.

The EU has come up with a provisional playbook meant to guide and coordinate the 28 members of the bloc on foreign investment — most specifically targeting investments out of China, Reuters reports.

The European Parliament and the holder of the rotating EU presidency, the Austrian government, made an agreement on Wednesday to set up an EU-wide monitoring of China's "opaque" state-owned giants that have been enthusiastically buying up European technology companies and infrastructure assets.

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Trump's pushback against China is catching on globally as European negotiator declares an end to the region's 'naivety'
 

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