RT @Brad_Setser: China didn't respond to Germany's "engineering" surplus by sitting on its hands -- it had a rather active industrial polic… #China #Germany #IndustrialPolicy
The report on China's Next-Generation Industrial Policy, prepared by Rhodium Group for the US Chamber of Commerce, posits that China has entered a new phase of industrial policy. It is no longer solely about supporting selected high sectors known from the previous decade. (translated)
Trucks and ships are on the way to battery operation. Lobbyists have always portrayed this as impossible. Now the market will enforce it. A smart industrial policy could have made Germany a world champion in exports here. Now it will likely be China... (Original: LKW und Schiffe sind auf dem Weg zum Batteriebetrieb. Lobbyisten haben dies immer als unmöglich dargestellt. Jetzt wird der Markt es erzwingen. Eine kluge Industriepolitik hätte Deutschland zu einem Exportweltmeister hier machen können. Jetzt wird es wohl China sein…) #BatteryTechnology #GreenTransportation #IndustrialPolicy #DE #CN
The Industrial Accelerator Act establishes a mechanism of "European preference" in strategic sectors. Companies applying for access to EU funds, subsidies, and priority treatment in sectors such as electric vehicles, batteries, solar panels, steel, (Original: Industrial Accelerator Act ustanawia mechanizm „preferencji europejskiej” w sektorach strategicznych. Firmy ubiegające się o dostęp do unijnych funduszy, subsydiów oraz priorytetowego traktowania w takich sektorach jak pojazdy elektryczne, baterie, panele słoneczne, stal,) #IndustrialPolicy #GreenEnergy #EUFunding #EU
In an interview with Euronews, EU Trade Commissioner Maroš Šefčovič affirmed that the European Union will firmly defend its industries against any retaliatory measures from China regarding the bloc's plans to strengthen its industrial policy, emphasizing the need for strategic patience and respect in trade relations. #EUTRADE #ChinaRelations #IndustrialPolicy #EU #CN
EU vows to fight 'tooth and nail' for industry after China threats
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Beijing threatened to retaliate against the European Union if it adopts a proposed "industrial acceleration" law that requires strategic sectors to source a portion of critical components from Europe, deeming the legislation discriminatory and warning of potential countermeasures if Chinese concerns are ignored. #Europe #ChinaRelations #IndustrialPolicy #CN #EU #FR
L'Europe veut se réindustrialiser, la Chine voit rouge et menace
