EU Industrial Accelerator Act; China's Commerce Minister Hopes for Adjustment of Inappropriate Clauses
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China's Commerce Minister Wang Wentao expressed concerns over the EU's 'Industrial Accelerator Act,' announced in March, during a meeting with Hildegard Müller, President of the German Association of the Automotive Industry. The Act is widely seen as targeting China. Minister Wang urged the EU to respect free competition, adhere to WTO rules, adjust inappropriate clauses, and create a fair business environment. China asserts that the Act poses risks to Chinese companies and reduces their willingness to invest in the EU.