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 potential consequences could companies face under this plan?

What is the significance of EU governments needing to sign off on the plan?