flash on Nostr: ⚡️🇨🇳🇪🇺 NEW - China has warned the EU not to proceed with its new ...

⚡️🇨🇳🇪🇺 NEW - China has warned the EU not to proceed with its new “Made in Europe” industrial plan, threatening countermeasures if it harms Chinese companies.

The proposed Industrial Accelerator Act sets strict local content requirements, such as 70%+ European components for electric vehicles and batteries, plus quotas for low-carbon steel and aluminum in public projects.

The EU wants to rebuild its manufacturing base and reduce reliance on Chinese supply chains.

Beijing describes the rules as protectionist and “discriminatory.”