China warns EU over 'Made in Europe' industrial protectionism
China publicly criticized the European Union’s 'Made in Europe' plans, warning that it would implement countermeasures if the measures proceed. The proposal aims to require companies accessing public funding in key sectors, like automotive and green technology, to meet local content requirements.
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” rules would require companies seeking public funds in sectors including cars, green technology and steel to meet local content thresholds.