Overview
- China’s Commerce Ministry, which filed formal objections late last week, warned Monday it will retaliate if the EU advances the law and harms Chinese firms.
- The EU’s draft Industrial Accelerator Act would favor “Made in Europe” in public contracts and require approval for large foreign investments in batteries, electric cars, solar panels, and critical raw materials, with extra checks on projects above €100 million in markets dominated by one non‑EU country.
- Officials in Beijing say the bill breaks some agreements, treats Chinese investors unfairly, and could slow Europe’s shift to clean energy and fair competition.
- China urged the EU to delete any rules that force foreign investors to meet local value‑share targets or transfer intellectual property.
- The dispute centers on control of green‑tech supply chains as the proposal moves through Brussels without announced concessions, raising the risk of a broader trade clash.