As a follow-up to its White Paper on foreign subsidies (June 2020), the European Commission, on 5 May 2021, published a Draft Regulation on non-EU (foreign) subsidies1. This is a 65-page document which raises as many questions as it answers. The Chinese Chamber of Commerce to the EU has already expressed concerns about its "rationality" and "necessity" in view of the existing EU and national FDI screening and antitrust tools.
