The European Commission, the bloc's executive arm, announced plans for new legislation aimed at ensuring foreign firms backed by heavy state subsidies do not distort competition in Europe. - Reuters
BRUSSELS (AFP): Beijing's ambassador to the European Union (EU) on Thursday (June 18) rapped Brussels over plans for tougher rules for heavily-subsidised foreign companies, which would particularly target Chinese firms.
Zhang Ming said the EU was taking a "worrying" path away from open trade, warning that the moves were already making Chinese investors wary.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
