europe

China’s Ministry of Commerce has criticised the EU's Industrial Acceleration Act for allegedly imposing numerous restrictive requirements on foreign investment. The European Commission launched its Industrial Accelerator Act in March , aiming to increase demand for low-carbon, European-made technologies and products through a slate of measures. A spokesperson from China's Ministry of Commerce said that Beijing gave the EU executive its formal feedback on Friday, but publicly said on Monday that the pitch imposes numerous restrictive requirements on foreign investment and may violate World Trad