China warns EU over ‘Made in Europe’ plan, vows countermeasures
Summary
China has criticized a new European Union plan called the "Made in Europe" rules, which requires companies to use a certain amount of European-made parts to get public funding. China warned it would take countermeasures if the EU adopts the plan, which aims to protect and strengthen European industries against Chinese competition.Key Facts
- The EU plans to support industries like cars, green technology, and steel by requiring local content for public funding.
- The proposal is part of the EU's effort to improve its competitiveness and protect jobs.
- China called the plan "systemic discrimination" against its companies.
- China’s commerce ministry said it may respond with countermeasures if the plan is enacted.
- The EU’s plan encourages foreign companies to partner with European firms and share technology.
- European businesses have complained about unfair competition from China's subsidized companies.
- The Chinese Chamber of Commerce in the EU sees the plan as a move toward protectionism.
- The proposal is formally named the "Industrial Accelerator Act."
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