China Warns EU Over 'Made in Europe' Plan, Threatens Countermeasures
China has issued a warning to the European Union regarding its 'Made in Europe' plan, which aims to bolster EU industries against Chinese competition. The plan, unveiled in March, requires companies seeking public funds in sectors like cars, green technology, and steel to meet local content thresholds. Beijing's commerce ministry expressed 'serious concerns' about the plan, labeling it as 'systemic discrimination' against Chinese companies. The EU's proposal is part of a broader strategy to regain competitive edge and prevent industrial decline. In response, China has threatened to take countermeasures if the legislation is enacted, aiming to protect the interests of its enterprises.