China warns EU over ‘Made in Europe’ plan, vows countermeasures
China warns EU over ‘Made in Europe’ plan, vows countermeasures
China warns EU over ‘Made in Europe’ plan, vows countermeasures
China on Monday criticised European Union plans to shield key industries from Chinese competition, warning it would take countermeasures if the measures are adopted. The EU’s proposed “Made in Europe”...
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The EU unveiled in March new "Made in Europe" rules for companies trying to access public funds in strategic sectors including cars, green tech and steel, obliging firms to meet minimum thresholds for EU-made parts.
The proposal, held up for months by wrangling over the measures, is a key part of a European Union drive to regain its competitive edge, reduce its industrial decline and stave off hundreds of thousands of job losses.
Beijing's commerce ministry said on Monday that it had submitted comments to the European Commission on Friday, expressing China's "serious concerns" regarding the act it called "systemic discrimination".
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