EU to Toughen Response to Chinese Imports Amid 'China Shock 2.0'
On Friday, the European Union's executive branch plans to take a firmer approach regarding imports from China, prompted by an influx of inexpensive competition that threatens domestic industries. Among the proposed actions is a requirement for firms in crucial sectors to source from a minimum of three suppliers across two or more nations to lessen dependence on China, according to the South China Morning Post. Stephane Sejourne, the industry commissioner, will advocate for the expanded implementation of regulations aimed at preventing foreign firms from obtaining unfair advantages.
Key facts
- EU executive arm to back tougher line on Chinese imports at Friday meeting
- Flood of low-cost Chinese competition undermining local industries
- Potential measures include requiring three suppliers from two or more countries in key sectors
- Goal is to pare reliance on China
- Reported by South China Morning Post
- Industry commissioner Stephane Sejourne will support broader use of regulations
- Regulations designed to prevent foreign companies from gaining unfair advantages
Entities
Institutions
- European Union
- South China Morning Post
Locations
- Europe
- China