EU Threatens Fines, Merger Bans for Chinese State Firms

The video discusses the EU's plan to regulate Chinese-backed mergers, requiring approval from EU governments. The plan faces opposition from Chinese businesses but aligns with EU protectionism due to COVID-19 supply chain issues. It proposes fines for companies receiving subsidies and may block state-backed mergers. While Chinese businesses oppose it, many European companies support the initiative.

What is required for the plan to regulate Chinese-backed mergers in the EU to be implemented?

• Approval from the United Nations

• Approval from EU governments

• Approval from the World Trade Organization

• Approval from the Chinese government

Which community has shown resistance to the EU's plan regarding Chinese-backed mergers?

• American business community

• Chinese business community

• African business community

• Indian business community

What has been a significant factor in the EU's push for protectionism?

• Supply chain disruptions due to COVID-19

• Rising oil prices

• Technological advancements

• Increased competition from the US

What is the potential fine for companies receiving state subsidies and attempting mergers in the EU?

• 5% of revenues

• 10% of revenues

• 15% of revenues

• 20% of revenues

What is the stance of many European companies on the proposed EU plan?

• They are unaware of it

• They support it

• They oppose it

• They are indifferent