EU Considers Forced Tech Transfers for Chinese Investments
The EU has spent the last several years vowing to protect domestic manufacturers from China.
Photographer: Hollie Adams/BloombergThe European Union is considering forcing Chinese firms to hand over technology to European companies if they want to operate locally, in an aggressive new push to make the bloc’s industry more competitive.
The measures would apply to companies seeking access to key digital and manufacturing markets like cars and batteries, according to people familiar with the plans. The rules would also require the firms to use a set amount of EU goods or labor, and to add value to the products on EU soil.