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Japanese policy makers support EU's goal for foreign subsidy rules to check China

By Sachiko Sakamaki ( July 8, 2020, 08:37 GMT | Insight) -- The European Union’s plan to restrict business activities of companies receiving foreign subsidies, a new policy that takes particular aim at China, could affect a broad range of businesses and may also capture Japanese enterprises, but policy makers in Japan recently voiced their support for the EU’s goal to rein in China’s growing influence, saying it also mirrors domestic concerns. Japan is contemplating its own measures to curb Chinese acquisitions, MLex was told, after companies damaged by the Covid-19 pandemic were targeted by Chinese companies. The European Union’s plan to restrict business activities of companies receiving foreign subsidies, a new policy that takes particular aim at China, could affect a broad range of businesses and may also capture Japanese enterprises, but policy makers in Japan recently voiced their support for the EU’s goal to rein in China’s growing influence, saying it also mirrors domestic concerns....

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