Luke: The law that the European Parliament just approved will allow the creation of an early warning mechanism for future foreign investment in Europe, and member states will retain the decision -making power of the final approval.

France, Germany, and Italy had previously answered the EUROPEAN Commission, and advocated establishing a new review mechanism for direct foreign investment. In less than two years, the European Union finally finalized a plan aimed at protecting European interests.

The United States Foreign Investment Commission (CFIUS) is an institutional committee responsible for reviewing foreign investment from the perspective of national security.Unlike the United States, the European Union's review plan is not restrained, and many European countries that still lack the review process so far can start necessary discussions.

This will be a useful tool.The law that the European Parliament (EUROPEAN Parliament) has just approved will allow the creation of a set of early warning mechanisms for future foreign investment in Europe and establish a central database for the current investment.

In 2017, there was a intention behind the letter from the European Commission, and he wanted to solve the problem of predatory investment in China's infrastructure and technology sector in Europe.For example, COSCO (COSCO) has taken over the Port of Breyus, who has taken over at Athens, intends to build a Mediterranean hub for the country's state -owned and private enterprises as part of the Maritime Silk Road.

In Portugal, China has invested approximately 12 billion euros in projects such as energy to transportation, and occupies an important position in the fields of insurance, medical health, financial services, real estate and media.(Energy investment involves GALP, REN, and Portugal Electric Power Corporation (EDP). In terms of transportation, Portugal Airlines (TAP). Insurance investment such as loyal insurance (Fidelidade), medical and health investment has Grupo Luz sauacute; de.)/p>

In terms of technology, China has set goals in multiple fields such as artificial intelligence, robotics, new energy vehicles, medical equipment and aviation, and if these goals cannot be achieved alone, they can also be achieved by acquiring foreign innovative companies.

In the European decision -making circle, in 2016, the Chinese home appliance manufacturer Midea acquired the most famous robot company Kuka (KUKA) in US $ 5.3 billion, and its position began to change.

Immediately after the European Union's discussion, Germany also launched a fierce debate.Unlike many other European countries, Germany has established a strong industrial existence in China for several years, and has been in a state of trade surplus in China for many years.

At the same time, the German industry has always been worried that China ’s mdash; mdash; that is, the so -called mittelstandmdash; mdash; many acquisitions, these companies may become their direct competitors under the hands of new Chinese managers.Although the situation is different, the French government and business community are also worried that China's acquisition of acquisitions in Europe.

The new government of Italy's populism supports investment censorship in a gentle way.Although the previous government supports the sharing of compulsory information on foreign investment transactions, the government hopes that such behavior is voluntary.

Ironically, Italy has always been one of the largest target countries in Europe in Europe.Since 2014, Chinese investors have acquired Tire makers Pirelli and football club AC Milan (AC Milan), and invested in energy companies, ENI, Italian National Electric Power Corporation (ENEL) and CDP RETI.The Chinese have also invested heavily in many ports in Italy.

Before the EU 28 countries reached a consensus on this defense plan, there were a lot of discussions on closed doors and disadvantages.

The European Parliament plays an important role in finding a solution that every member country can accept. It adheres to the European Commission to play a tougher role in controlling foreign investment in key industries to protect Europe's energy, transportation and aerospace fields in the fields of energy, transportation and aerospaceStrategic interests.

Whether to approve the final decision of foreign investment is still in the hands of various countries rather than the European Union Commission.

Most of the remaining European countries have not discussed Chinese investment.In fact, only 12 countries in the EU 28 are currently having foreign investment review mechanisms, but there are significant differences between each other.The United States, Japan and China have a review system.

U.S. President Donald Bull; Donald Trump has pushed the Europeans in terms of trade and investment in trade and investment. They can express the most people's ideas more than ever.

Obviously, Europe still needs#8203;#8203; external investors, and China is still an attractive source of funds for many EU members (including the upcoming Britain).However, unless Beijing provides fully reciprocal and open its own market, it is correct that the European Union starts to screen.

Brussels is not more like protector than Beijing.If the current economic confrontation of the United States and China continues, China may need to need Europe more and more.At this time, the European continent should be fully prepared to protect the sovereignty and industrial independence of its member states, rather than the investment procedures that are not treated without differences.

Philippe Le Corre is a senior researcher at the Harvard University Kennedy College (HKS) and Carnegie Endowment FOR International Peace. Recently, he published a report on Carnegie to the rise of China.; S Rise as a Geo-Economic Influice)

Translator/He Li