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China says concerned over tighter German curbs on takeovers

Reuters  |  BEIJING 

BEIJING (Reuters) - China expressed concern on Friday after Germany became the first European Union country to tighten its rules on foreign corporate takeovers, following a series of Chinese deals giving access to Western technology and expertise.The new regulations will allow the German government to block takeovers if there is a risk of critical technology being lost abroad. They will take effect shortly with no need for parliamentary approval in a bid to protect critical infrastructure, including power grids and hospitals.The move reflects pressure across Europe to limit takeovers by ...

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First Published: Fri, July 14 2017. 15:50 IST