The bloc can compete in a strategic way, according to Margrethe Vestager The EU may be no economic match for the US and China but it can try to challenge them strategically, the bloc’s competition chief has suggested. Margrethe Vestager told CNBC on Tuesday that the EU had become “much better” at defending itself against unfair trade practices, and that it will continue looking for ways to compete equitably with its economic partners. “The point is to realize we can never outspend China or the US,” Vestager said, pointing out: “We can spend strategically.” She cited a €100-billion fund for ten “cutting edge tech
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