EU's New Economic Security Plan: Tough Stance on China

The European Union is set to unveil a new economic security plan on December third, focusing on protecting itself from threats posed by China, such as its control over rare earth materials and competitive trade practices. Germany, the EUs largest economy, is signaling a shift towards a tougher stance on China, with concerns voiced by the Finance Minister about export restrictions and overproduction. This shift could enable the EU to take more decisive action, including tools like export controls and investment screening. However, not all EU members are aligned, with Spain actively pursuing Chinese investments, potentially undermining EU unity. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.