Europeans still nervous about doing China deals

Europeans still remain nervous about the Chinese taking over their companies, according to a senior European business figure in China.

Davide Cucino, president of the European Union Chamber of Commerce in China, said many European companies would opt to be taken over by another European or US company rather than a Chinese one.

"I have to tell you frankly that when there are deals involving rivals bids, a company might prefer to sell to another European business rather than one from China," he says.