As countries continue to reform and tighten export controls in response to Covid-19, a similar trend is happening with investment restrictions. We first saw this with Australia at the end of last month: https://www.abc.net.au/news/2020-03-29/foreign-investment-restrictions-australian-assets-coronavirus/12101332">https://www.abc.net.au/news/2020...
Then Germany: https://www.bloomberg.com/news/articles/2020-04-08/merkel-s-government-approves-tighter-rules-on-foreign-takeovers">https://www.bloomberg.com/news/arti...
And then the EU as a whole began considering the idea of buying stakes in companies to prevent predatory investment: https://www.ft.com/content/e14f24c7-e47a-4c22-8cf3-f629da62b0a7">https://www.ft.com/content/e...
And now India (h/t @SamDorshimer): https://www.ft.com/content/ad3f84b0-fb75-4588-97e8-4a657ad67883.">https://www.ft.com/content/a... A major driver behind this trend is based off of the fear that China and Chinese investors will take advantage of the current crisis to invest in strategic sectors.
This demonstrates that even as the world is engulfed in dealing with Covid-19 and China embarks on a large propaganda push to show that it can help the world, skepticism still exists with regards to China& #39;s intentions and that economic nationalism continues to grow.