China Criticizes EU’s ‘Made in Europe’ Plan as Protectionist

China criticized European Union’s newly released plan requiring member states to favor domestic companies in public procurement, saying the move constitutes serious investment barriers and institutional discrimination.

The Chinese Commerce Ministry expressed “serious concerns” about the bloc’s Industrial Accelerator Act unveiled on Wednesday that imposed restrictions on foreign investment in four key sectors - batteries, electric vehicles, solar and critical raw materials - would increase uncertainty for Chinese companies investing in the EU, according to a Chinese government statement.