A BMW Z4 concept car is displayed during the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 13, 2017. REUTERS/Kai Pfaffenbach
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France, Germany and Italy jointly welcomed on Wednesday a proposal by European Commission chief Jean-Claude Juncker to limit China's ability to buy up European companies in infrastructure, hi-tech manufacturing and energy.Germany's Economic Affairs Minister Brigitte Zypries said Berlin was very interested in foreign investment when it took place under market conditions.Juncker's proposals ensure fair competition in the EU and also offer better protection against company acquisitions that do not comply with market rules, she said.French Economy Minister Bruno Le Maire said the EU proposal needed to be complemented by further work to ensure reciprocity in public procurement and more widely in all EU trade relations.
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