China warns EU over 'Made in Europe' plan, vows countermeasures

1 min read
Source: Financial Times
China warns EU over 'Made in Europe' plan, vows countermeasures
Photo: Financial Times
TL;DR Summary

China warned the EU it will take countermeasures if its proposed Industrial Accelerator Act—dubbed the Made in Europe plan—hurts Chinese companies, arguing the law discriminates against Chinese investors and contradicts market rules. The EU aims to boost manufacturing’s share of GDP to 20% by 2035 and would restrict foreign investments above €100 million from countries with a large share of global production in strategic sectors, requiring EU worker dominance (at least 50%), local manufacturing involvement, and mandatory technology transfer. Beijing urged dialogue but signalled it could respond if Brussels ignores its objections, highlighting ongoing tensions in EU–China trade as Washington and Beijing negotiate their truce.

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