Economic policy
EU advances ‘Made in EU’ Industrial Accelerator Act; China warns of countermeasures
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The European Commission has proposed the Industrial Accelerator Act, a flagship “Made in EU” initiative that would tie parts of public procurement and support schemes to local-content and low‑carbon requirements in selected strategic sectors. China’s commerce ministry has criticized the plan as discriminatory and warned it could respond if Chinese companies’ interests are harmed.
Zhao Leji, chairman of China's National People's Congress Standing Committee, reaffirmed commitments to high-standard opening-up and domestic demand in a keynote speech Thursday at the Boao Forum for Asia Annual Conference 2026 plenary. The event in Boao, Hainan province, themed "Shaping a Shared Future: New Dynamics, New Opportunities, New Cooperation," drew over 1,600 representatives from more than 60 countries and regions.
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An opinion piece in the South China Morning Post states Beijing's plans assure steady, high-quality growth and stable relations, with Hong Kong taking a bigger role in national development. It highlights a shift to a growth target range as reflecting strategic flexibility.