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Germany's Economy Ministry said Thursday it planned to tighten rules on non-EU takeovers of hi-tech firms, against a backdrop of growing alarm about Chinese firms buying up German know-how. The ministry said it had drafted an amendment to the Foreign Trade Regulation that would allow the government to review or block foreign purchases of stakes as low as 10 percent in "critical technology" companies. It would affect firms working in robotics, artificial intelligence, semiconductors, biotechnology and quantum technology.
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