China slams ‘Made in Europe’ push, mulls retaliation
Euronews.com • • world
Key Points:
- China’s Ministry of Commerce criticized the EU's Industrial Acceleration Act for imposing restrictive requirements on foreign investment, claiming it may violate WTO principles and create investment barriers through preferential "EU origin" tags.
- The EU launched the Industrial Acceleration Act in March to boost demand for low-carbon, European-made technologies, targeting clean technologies, car manufacturing, and energy-intensive industries with specific EU-content thresholds.
- China expressed willingness to engage in dialogue with the EU to address concerns but warned of potential countermeasures to protect its business interests if talks fail.
- The European Commission defended the Act as a measure to create jobs, reduce dependencies, and enhance economic security, following significant job losses in energy-intensive sectors and automotive manufacturing since 2024.
- The proposal now awaits approval from the European Parliament and the European Council before becoming law.
