00:00And the Chinese government warns that it will take retaliatory measures in response to trade restrictions imposed by the European
00:07Union.
00:08The Chinese Ministry of Commerce expressed concern over the European Union's Industrial Acceleration Act, introduced in March,
00:15which aims to boost demand for low-carbon technologies and products manufactured in the European Union.
00:21In this sense, the legislation imposes multiple restrictive requirements on foreign investment in four strategic sectors including batteries, electric vehicles,
00:29photovoltaic energy and raw materials.
00:32China warned that the law constitutes discrimination against its investors and urged the European Union to repeal the legislation.
Comments