"Warns"? that sounds ominous. I bet they are pretty butthurt about EU gaining a foothold and becoming more and more independent in multiple areas!
Good, get mad China! It only proves we're doing a good job.
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"Warns"? that sounds ominous. I bet they are pretty butthurt about EU gaining a foothold and becoming more and more independent in multiple areas!
Good, get mad China! It only proves we're doing a good job.
The EU proposal, formally known as the "Industrial Accelerator Act", implicitly targets Chinese makers of batteries and electric vehicles by requiring foreign firms to partner with European firms and pass on technological know-how when setting up shop in the bloc.
Huh .... I feel like there is a big country in Asia that has done this for ages .... can't remember the name though.
Good! If they complain must mean wie doing it right.
The planned measures sound very similar to what China is already doing for years?
The European measures represent even far less than what China has been doing. Non-Chinese companies can’t establish a subsidiary in China, they always need a Chinese partner that would then own the majority of the Chinese joint venture. And that’s just one among many other protectionist rules that illustrate how the Chinese Communist Party shields its domestic supply chains, including the use of forced labour.
That's a deeply hypocritical, artificially constructed outcry by a Chinese regime that more and more depends on exports amid soft domestic demand. They are nervous.
On the one hand, I agree that China is being hypocritical. On the other hand, all businesses within a country should be owned by people who actually live and spend their lives in that country. It is one of many steps that can be taken to democratize an economy.
Yes, China wants Europe to to be Dependy upon them. Starts now becomes complete shortly later.
India could take a lot of Chineses manufactured items and sell them to EU with their trade agreement It wouldn't be straight away, but it could give China a reason to rethink everything.