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Business deals

Europe pushes back as Chinese investment spree continues

Germany and France weigh expanded veto power over deals in high-tech sectors

An robot built by Germany's IBG fist bumps a visitor at the Hannover Messe trade fair. Robotics is one area where German and French policymakers seek greater control over acquisitions by foreign companies.   © Reuters

PARIS -- Germany and France, concerned about losing vital technology, are looking to strengthen government vetting of acquisitions by foreigners as China shifts the focus of its investment from the U.S. to Europe. 

But besides the challenge of convincing skeptical fellow European Union members to back similar EU-wide rules, Berlin and Paris also face the need to square these positions with their efforts to contrast the bloc as an open economy against U.S. President Donald Trump's protectionist policies.  

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