HAMBURG, Germany -- The German government said this week it is tightening its investment screening regulations, a move aimed at keeping Chinese entities out of industries Berlin considers to be crucial to its national interests beyond critical infrastructure.
A spokesperson at the Federal Ministry for Economic Affairs and Climate Action told Nikkei Asia on Tuesday that the government was working on a new framework, without revealing details. Earlier in the month, the government blocked a Chinese attempt to gain nearly full control of a satellite communications startup. The ministry is also scrutinizing the sale of a gas turbine company to a Chinese entity that was agreed in June.
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