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China vows countermeasures if EU enacts 'Made in Europe' plan | Collector
China vows countermeasures if EU enacts 'Made in Europe' plan
Economic Times

China vows countermeasures if EU enacts 'Made in Europe' plan

The EU unveiled in March new "Made in Europe" rules for companies trying to access public funds in strategic sectors including cars, green tech and steel, obliging firms to meet minimum thresholds for EU-made parts. The proposal, held up for months by wrangling over the measures, is a key part of a European Union drive to regain its competitive edge, reduce its industrial decline and stave off hundreds of thousands of job losses.

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