Chinese firms slam EU’s ‘protectionist’ ‘Made in Europe’ plan

AFP | Brussels

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A group representing Chinese companies slammed an EU plan to bolster the bloc’s industries against fierce competition from China yesterday, labelling it a shift towards protectionism that could affect trade cooperation between the two giants. Brussels has unveiled new rules for companies trying to access public funds in strategic sectors including cars, green tech and steel, saying the firms must meet minimum thresholds for EU-made parts.

“We express serious concern and opposition regarding certain provisions of the proposal that may have far-reaching implications for market openness, fair competition, and China-EU economic and trade cooperation,” the Chinese Chamber of Commerce to the EU (CCCEU) commented.