German Chancellor Angela Merkel addresses a joint press conference with Serbia's President (unseen) following their talks at the Chancellery in Berlin on February 27, 2018. / AFP / Tobias SCHWARZ
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Chancellor Angela Merkel Tuesday said she saw "no violations" in a major investment by a Chinese billionaire in German car giant Daimler which has reignited concern over Chinese influence on European firms.China's increasing interest in German companies has sparked unease in Europe's biggest economy.Daimler confirmed Friday that Li, who chairs auto giant Geely Automobile Holding, had quietly bought a 9.69-percent stake in the Stuttgart firm worth around 7.2 billion euros ($8.9 billion).Some politicians see the investment in a broader context of Chinese cash winding around the sinews of the European economy.
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