US EditionChina Warns EU Over 'Made in Europe' Industrial Rules
Beijing said it would retaliate if the proposal harms Chinese firms, as the EU seeks minimum local-content rules in strategic sectors.
- On Monday, Beijing slammed an European Union plan known as the "Industrial Accelerator Act," which aims to bolster the bloc's industries against fierce competition from China.
- The proposal implicitly targets Chinese battery and electric vehicle makers, requiring foreign firms to partner with European firms and transfer technological know-how when establishing operations in the bloc.
- European businesses have long lamented facing unfair competition from heavily subsidized Chinese rivals. In March, the European Union unveiled "Made in Europe" rules obliging firms to meet minimum thresholds for EU-made parts.
- Beijing's commerce ministry submitted comments to the European Commission on Friday, expressing "serious concerns" regarding what it called "systemic discrimination." The ministry warned China would take countermeasures if the legislation harms its companies' interests.
- The Chinese Chamber of Commerce to the European Union stated this month the plan marks a shift toward protectionism, which could significantly affect trade cooperation between the European Union and China.
55 Articles
55 Articles
Beijing criticises the European industrial plan. Brussels wants to secure jobs and reduce dependence on key industries.
China-EU tensions flare on economic policy
Tensions between the EU and China have flared up across diplomatic and economic channels. China on Monday attacked the bloc’s Made-in-Europe strategy aimed at promoting local industry and threatened to retaliate; Beijing also chastised Brussels for including Chinese companies in its latest anti-Russia sanctions package. The escalations come as new data shows that a flood of Chinese EVs to the European market led Beijing to a record trade surplus…
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China is warning of retaliation as the European Union moves forward with an aggressive plan to reindustrialize the continent and wall off key sectors from foreign competitors — particularly Beijing.At the center of the brewing dispute is the Industrial Accelerator Act, also known as the “Made In Europe Act,” a sweeping proposal from the European Commission that would require a significant share of products in strategic industries to b
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