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Last update: November 20, 2024

Subsidies: How the EU wants to hold China to account

According to a report in the Financial Times, the EU is planning to make China more accountable for access to the European market with stricter regulations for clean technologies.
The EU wants to make China more accountable for access to the European market with stricter regulations for clean technologies. This was reported by the Financial Times. When Brussels announces grants of one billion euros for the development of batteries in December, Chinese companies will have to set up factories in Europe and transfer their intellectual property to European companies in return for the EU subsidies.
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