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Germany agreed on Wednesday to introduce new rules to lower the threshold for security investigations and even prevent acquisitions of German companies by non-European entities in order to prevent unwelcome acquisitions by Chinese investors in strategic areas.
Merkel's cabinet responded to growing concerns that Chinese government-backed companies could gain access to key technologies in Germany, Europe's largest economy, while the Chinese government was protecting domestic companies from foreign acquisitions.
Under the new rules, which come into effect immediately, the threshold for the government to intervene in German-owned transactions by non-European entities in specific areas is reduced from 25% to 10% based on public interest considerations.
"Businesses like to invest in Germany, and they should keep it that way. But we have to be able to look carefully at who is buying sensitive infrastructure and what the consequences will be, "said Peter Altmaier, German economy minister.
The German government introduced a 25% stake threshold in 2004 and expanded its veto in 2017. These measures are aimed at protecting vital infrastructure such as energy, water, food supply, telecommunications, national defense, finance and transportation. The rules passed Wednesday added media companies.
Earlier, a newspaper reported that the German Office for Information Security warned several German companies that China's activities against German companies had increased, highlighting concerns that Germany was also the target of cyber attacks.


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