EU nations should buy stakes to block Chinese takeovers, says competition chief

EU nations should buy stakes to block Chinese takeovers, says competition chief

FILE PHOTO: Vice President of the European Commission for a Europe Fit for the Digital Age Margrethe Vestager speaks during a news conference in Nairobi, Kenya, February 28, 2020. REUTERS/Baz Ratner/File Photo

The European Union’s competition chief told the Financial Times that member countries should buy stakes in companies to counter the threat of Chinese takeovers, with her comments coming as the EU formulates plans to protect its businesses amid the coronavirus outbreak.

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