Source: South China Morning PostIn a move seen as targeting China, the European Union has proposed new rules to prevent subsidised firms from hoovering up strategic European assets.The plan was announced on Wednesday alongside an updated industrial policy that was also partly aimed at countering China’s influence on the European economy.The draft proposals on subsidies, which require approval by the EU’s 27 member states, would make it more difficult for Chinese and other foreign firms to buy EU businesses or assets or bid…Read More