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The EU unveiled in March new “Made in Europe” rules for companies trying to access public funds in strategic sectors including cars, green tech and steel, obliging firms to meet minimum thresholds for EU-made parts.
The proposal, held up for months by wrangling over the measures, is a key part of a European Union drive to regain its competitive edge, reduce its industrial decline and stave off hundreds of thousands of job losses.
Beijing’s commerce ministry said on Monday that it had submitted comments to the European Commission on Friday, expressing China’s “serious concerns” regarding the act it called “systemic discrimination”.
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Everyone wants the EU to roll over and put itself into future dependency upon one of them.
well that is what it’s good at
And why not, it’s one of the largest consumer markets right now, with anomalous concentrated level of wealth inherited from brutal conquests and colonial times giving each consumer buying power generally much higher than in other equal markets.
Can’t blame them for trying. Also can’t blame EU not giving in so readily.