China warns EU over ‘Made in Europe’ plan, vows countermeasures
France 24 • • world
Key Points:
- Beijing condemned the EU's new "Made in Europe" rules designed to protect EU industries from Chinese competition, warning of potential countermeasures if the legislation proceeds.
- The EU's Industrial Accelerator Act requires companies accessing public funds in strategic sectors to meet minimum EU-made content thresholds, targeting industries like cars, green tech, and steel.
- China criticized the act as "systemic discrimination" and expressed concerns that it would harm Chinese companies' interests, urging the EU to reconsider the proposal.
- The legislation implicitly targets Chinese battery and electric vehicle manufacturers by mandating partnerships with European firms and technology transfer for market access.
- European businesses support the move, citing unfair competition from subsidized Chinese rivals, while the Chinese Chamber of Commerce to the EU views the plan as a shift toward protectionism that could impact trade relations.
