Wary of China, Germany plans rapid state intervention to protect key industries
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BERLIN (Reuters) - Germany set out plans on Friday to create a government committee to step in quickly to protect companies against foreign takeovers, a sign of concern about China and others acquiring its technology. The finalised industrial strategy outlined by Economy Minister Peter Altmaier is also intended to prevent the erosion of Germany's manufacturing base, on which much of its wealth is built.The new standing committee would, as a last resort, have powers to take stakes in..