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German authorities are preparing a series of measures for financial support of German companies to reduce the impact of China's investment

20.09.2018 11:01:30

Germany is preparing a change in foreign trade legislation aimed at reducing the impact of China's investment and preserving key technologies in the country. This is reported by Reuters, citing an unnamed source in the government of Germany. German authorities intend to introduce more stringent control over transactions, as well as increase the number of sectors of the economy, where the government will assess the risks from absorption by foreign companies. According to the source, the share of Chinese companies from all mergers and acquisitions in Germany over the past three years has grown to 40%. Germany also plans to create a fund of 1 billion euros, the funds of which will be used for lending of German companies experiencing financial problems and interested in transactions with companies from China.

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