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The European Union says it is ready to work together on a tough new system to scrutinize investment out of China.
Now there’s an end to what one official called “European naivety” — the pushback against China has expanded globally in 2018.
Europe, with almost twice as much Chinese investment as the United States, is playing catch-up with the rest of the world following the US government’s clear shift to rivalry with China under President Donald Trump.
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.See the rest of the story at Business Insider
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