The German government is doing well in its fights against the coronavirus. Not only did it support the local business but it also provided help for its citizens. Therefore, the economic blows from the epidemic are less severe and disastrous. What is more, the government is watchful over the situation in the market. Despite all the efforts taken by the authorities, the economy is still suffering a devastating slowdown. Many companies across Europe have been hit by the consequences of the COVID-19 pandemic and now they are looking for financial aid from any sources. For this reason, some large foreign companies are taking over the local firms by consuming them one by one and prospering amidst the coronavirus crisis. Hence, Germany and other EU countries are planning to introduce new restrictions to avoid foreign acquisitions. Besides, the local business will get additional financial support from the government. The main threat to the European market comes from China. China, where the virus is believed to have originated from, is rapidly recovering. Some regions have already returned to normal and renewed economic activities. This is why many Chinese firms are now trying to pump up investments in the key sectors of the European economy and take over major EU companies. The EU government has already banned investments in energy, water supply, telecommunications, and defense sectors in order to stop China’s economic colonization. When China absorbed the Bavarian robotics firm, Kuka, in 2016, it was the first alarm for the EU to stay on guard with China. The attempt of the State Grid Corporation of China in 2018 to buy a share in network operator 50 Hertz was the final straw. Luckily, the German state-owned bank KfW intervened and blocked the deal.
