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Security: Europe's pushback against Chinese tech has only just begun

Security: Europe's pushback against Chinese tech has only just begun (Geopolitical, Terrorism)

Amid growing international suspicion about China's tech companies, a new report suggests the Chinese government could be behind the theft of corporate secrets from chip-making equipment business ASML. According to Dutch newspaper Financieele Dagblad, technology stolen by employees at ASML in California was shared with XTAL, a company with links to the Chinese state. As the Mercator Institute for China Studies, or MERICS, in Berlin noted in a March 2019 paper: "While non-discrimination toward the nationality of an investor is a core principle … of the new regulation, some of its provisions overlap with core characteristics of Chinese investment in Europe to date." However, as Holslag also tells ZDNet, the new European rules cannot be a cure-all because there is still a lack of intelligence about Chinese companies, which often arrive in a sector or a company as minority shareholders, or working through intermediaries. After last week's EU-Beijing summit in Brussels, Chinese premier Li Keqiang went to Croatia for the first time to meet eastern European business people and politicians there.

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