The European Union (EU) will impose restrictions on the import of green technologies from China to reduce dependency on China and ensure its own security. In this respect writer The Financial Times cites the zero-emission industry bill.
The publication noted that access to tenders may be limited for Chinese representatives. At the same time, their share in the European market has now reached 65%.
According to the publication, the European Commission’s Directorate-General for Trade is concerned about such initiatives. The thing is that such drastic measures can violate international law.
February 21 Bloomberg reportedThat the Chinese authorities are facing increased costs due to the interests of the country’s leadership over Russia in the conflict with the United States. According to the paper’s observers, the three-year restrictions on the coronavirus pandemic have created a number of problems for China, including an increased mood of protest.
Prior to that, Bloomberg reported that the agreement between the United States, the Netherlands and Japan banning the supply of certain types of equipment and machinery for chip manufacturing to China was a “victory” for US President Joe Biden. This measure will allow Washington to rein in Beijing’s military ambitions in the Asian region, but it will not rule out the possibility that China will launch its own developments in this high-tech segment.