Wary of China, Europe and Others Push Back on Foreign Takeovers
Europe is pushing for more stringent vetting of foreign investments, with an eye on Beijing. Australia has been blocking bids by Chinese buyers for strategic assets. And in Canada, a Chinese takeover of a major contractor faces a national security test. As China looks to spread its wealth and influence, the United States is not the only country seeking to shield its industries under the guise of national security. Governments around the world, and especially in Europe, are increasingly inclined to use such concerns as a litmus test for Chinese investments to protect their competitive edge.