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 blocβs 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...