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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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@TherapyGary@lemmy.dbzer0.com
Your comment is false, just read your own linked article.
China was just reducing the number of ‘restricted industries’ to 106 from 117 (this alone is a joke), but companies can still acquire only a minority stake. They need a partner.
The only non-Chinese company in China is Elon Musk’s Tesla. It’s the only exemption.
Oh, and what does it mean anyway when the Chinese government issues such lists or introduces any laws. The owners of China’s AI company Manus also played by the rules and sold their company to Meta as announced already in December 2025, but now China blocks the $2bn acquisition of AI start-up Manus:
[Edit typo.]