On Tuesday, the European Union had come together in order to put an end to the gaping hole in security as well as intentions of the investments of China in the 28 state bloc.
This decision will bring the Europeans closer to the policy of the United States which has recently been shifted by the administration of President Trump.
The United States deem China as a strategic challenger as well as economic spy who is unrivaled.
The administration also accuses China of shifting intellectual property worth about $600 billion US dollars out of the economy of the United States alone.
The European Union has devised a provisional playbook which will help in guiding as well as coordinating the bloc members which are 28 in number on the investments in foreign.
According to the reports of the Reuters, this will be targeting most specifically the investments out of China.
On Wednesday, the European Parliament the Austrian government who is the holder of the rotating presidency of the European Union had made an agreement in order to set up a monitoring of the opaque state owned giants of China, who have been buying the technology of the European companies and infrastructure assets.
In a statement released by the European Union the opaque state owned enterprises or the firms which are privately owned having close links with the government.
These have been buying the firms of the European Union by using the cutting edge or by the technologies having dual use.
Negotiators for the European Union as well as the 28 member states of the EU have struck the deal for better protection of the strategic technologies of the union as well as of the infrastructure. These include ports and energy as well.
Source: BusinessInsider, Reuters
