BRUSSELS (AP) — The European Union is planning to tighten rules on foreign investment in its 27 members and increase production autonomy for sensitive strategic goods, two measures bound to hit China — amid already precarious relations with Beijing. The moves comes at a time when the ratification of a business investment deal between the two massive trading powers hangs in the balance because of a rapidly deteriorating political climate over accusations China abuses an ethnic minority. Brussels has long been unhappy about Chinese subsidy-driven imports driving European producers out of business. On Wednesday it promised rules to make sure that EU industries would no longer be undercut by foreign investors that have faced slacker rules up to now.
