EU Moves to Shrink Chinese, U.S. Influence in Its Economy

France Nouvelles Nouvelles

EU Moves to Shrink Chinese, U.S. Influence in Its Economy
France Dernières Nouvelles,France Actualités
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The EU plans to tighten its defenses against subsidized foreign companies, marking a sharp increase in the bloc’s effort to assert “strategic autonomy” from China and the U.S., while defending its economic interests

The European Commission, the EU’s executive body and top antitrust enforcer, on Wednesday outlined options to redress what it described as market distortions stemming from state-subsidized foreign firms.

The proposals aim to prevent foreign companies that have received significant grants, loans,...
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