Italy Seeks to Limit China’s Ownership of Critical Companies
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Italy’s government is considering plans to curb Chinese investors’ holdings at key companies to avoid tensions with the US at a time when tariffs and a strong euro are challenging Italian exporters.
Prime Minister Giorgia Meloni’s efforts would involve firms that are considered strategic, both privately held and state-controlled, Bloomberg News is reporting this week from Rome. Examples include tiremaker Pirelli, where China’s state-owned Sinochem International has a 37% holding.