The EU Commission proposed new rules on Wednesday (5 May) to prevent companies which receive foreign subsidies from buying up other firms or participating in public tenders, if the non-EU state aid distorts competition.
The proposal comes as the EU is seeking to better control Chinese forays into the European economy - although the proposal does not mention China by name - and wants to assert its "strategic autonomy" from China and the US.
"We want every company that operates in...
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Already a member? Login hereEszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.
Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.