The Chinese communist regime, on April 27, warned the European Union that it would take “countermeasures” over its proposed “Made in Europe” industrial strategy, stating that it constitutes “institutional discrimination” against foreign firms.
The Chinese Ministry of Commerce stated that Beijing had complained to the European Commission about the bloc’s proposed Industrial Acceleration Act (IAA) to express its official position and concerns.
“China believes that the Act imposes numerous restrictive requirements on foreign investment in four major emerging strategic industries: batteries, electric vehicles, photovoltaics, and critical raw materials,” the ministry said.
It added that provisions such as “EU origin” clauses in public procurement and support policies amount to “serious investment barriers and institutional discrimination.”…
China Warns EU of Retaliation Over ‘Made in Europe’ Plan
