Europe bets on industrial policy to blunt China's export surge

EU industry officials back the Commission’s Industrial Accelerator Act as a hedge against a potential second wave of Chinese exports that could hit vital sectors like EVs, batteries, steel, chemicals and wind turbines. The act would curb Chinese investments in strategic areas and impose Made-in-EU rules for public procurement, with broad parliamentary support but ongoing questions in Berlin. If enacted, the IAA could become Europe’s main tool to shield industry while balancing ties with Beijing and addressing the EU’s growing trade deficit.