Highlighting urgency, bloc’s major members offer qualified support of legislative proposal that has deepened tensions with Beijing
Major EU members offered qualified support for the bloc’s flagship industrial plans on Thursday in the first debate over a proposal that has deepened tensions with China.
Decades later, the EU wants to force companies looking to invest in Europe, while they tap public subsidies, procurement markets and fast-track permitting, to meet stringent terms, many of which mirror those Beijing used for decades.
At the bloc’s competitiveness council on Thursday, supportive member states warned that the emergency facing EU industry meant there was no time for dawdling.
Source: News - South China Morning Post
