Posted inEuropean UnionGermanyWorld

German plan hopes to pre-empt Chinese takeovers

German economy minister Peter Altmaier released his proposal for a new industrial policy on Tuesday, envisioning a new state fund that could be used to pre-empt foreign takeovers of German firms, reflecting growing concerns prompted by high-profile Chinese acquisitions. But the idea of German taxpayers intervening in the market has revived painful memories of the […]