China threatens action if EU does not revise new industry and tech rules
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China has threatened countermeasures against the EU if it does not revise its proposed "Buy European" act and cybersecurity rules, which Beijing claims are discriminatory and violate WTO regulations. A Chinese diplomat stated that these measures could harm EU-China trade and cooperation. The EU's new rules aim to phase out components from high-risk suppliers, a move criticized by China. The EU's Industrial Accelerator Act seeks to bolster local industries against U.S. and Chinese competition, prompting Beijing to demand the removal of certain provisions related to procurement and technology transfer.
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Source: Yahoo Finance The copyright of this article belongs to the original author/organization.
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