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Brussels to curb imports of Chinese green tech




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European Union plans to restrict the import of green technology from China. This will reduce the chances that Chinese companies win public contracts and create additional barriers for buyers looking for subsidies. The report stated that public procurement bids involving products from countries with more than 65% EU market shares would be downgraded. It cited a draft of Net Zero Industry Act, which was seen by the Financial Times.

However, the European Commission's Trade Directorate is concerned that the revisions proposed to the public procurement rules book could violate international law. Sources familiar with the matter told FT.

The Financial Times reported Tuesday (14 March) that the European Union sought new ways to monitor European companies' investments in overseas production facilities, to limit China’s access to new technology from the West.

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