The Pesky Toad Logo

The Pesky Toad

The Pescadero Perspective
news Scmp World 2026-05-28

EU Backs Industrial Plans Amid Concerns Over China Investments

Major European Union nations have tentatively supported the bloc's industrial plans, which include strict conditions on investments from China. The proposal aims to bolster European industry but has raised tensions with Beijing.


Major EU members offered qualified support for the bloc’s flagship industrial plans on Thursday in the first debate over a proposal that has deepened tensions with China. Germany, France, Italy, Spain, the Netherlands and Poland all accepted the broad parameters of the Industrial Accelerator Act (IAA), which would put strict conditions on investments into the union from China and other countries, even as they quibbled over red tape, timescales and how open the plan should be to non-EU...

Support Your Local Toad

The Pesky Toad is free and ad-light. If you find it useful, toss a few pesos in the tip jar to help keep the servers running and the satire flowing.

$

MXN · Minimum $10