China Challenges EU's Proposed Industrial Accelerator Act Over Discrimination Concerns
China has formally lodged a complaint with the European Commission regarding the European Union's proposed Industrial Accelerator Act. The legislation is perceived by China as creating significant investment barriers and institutional discrimination against Chinese companies. The act imposes restrictive requirements on foreign investments in strategic sectors such as batteries, electric vehicles, photovoltaics, and critical raw materials, while favoring 'EU origin' products in public procurement. China's Ministry of Commerce has expressed grave concerns, urging the EU to remove these discriminatory requirements. Analysts argue that the act deviates from World Trade Organization rules and could harm Europe's own interests by disrupting global supply chains, particularly in the electric vehicle battery sector. The act has also faced opposition from other major trading partners and within the EU itself.