European Union politician Manfred Weber says the bloc should stop Chinese companies from gaining too much power in key sectors.
He also warned of the political implications of China’s Belt and Road project.
- Chase Winter
- Deutsche Welle
The European Union should prevent Chinese firms from going on a “shopping spree,” buying up strategic assets, a top contender for the European Commission presidency said Saturday.
Manfred Weber, the leader of the conservative European People’s Party (EPP), warned that the EU should not be naive in its approach to China.
“When state-subsidized companies go on shopping sprees, the EU must in future be able to prevent it on a…