U.S. Spending Bill Targets Chinese Subsidies in Context of Mergers

In the government spending legislation recently enacted by Congress, there is a provision on the disclosure, in the context of merger notifications, of subsidies that have been provided by "foreign adversaries." This provision is part of an effort underway in both the EU and the U.S. to take action against Chinese subsidies that are considered to have a distortive and unfair impact on Western competitors.