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Investing.com -- The European Union is considering new rules that would require Chinese companies to share technology with European firms to gain access to key EU markets.
The proposed measures, expected in November, would apply to companies seeking to operate in strategic sectors such as cars and batteries, according to a report from Bloomberg News, citing people familiar with the plans who spoke on condition of anonymity.
While the regulations would technically apply to all non-EU companies, they specifically aim to prevent China’s manufacturing strength from overwhelming European industry.
The rules would also mandate that foreign firms use a minimum amount of EU goods and labor, add value to products within EU territory, and potentially enter joint ventures with European companies.
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