China has warned the EU it will take “countermeasures” if its companies are harmed by the proposed Industrial Accelerator Act, which targets foreign investments over 100 million euros ($108 million) from nations controlling more than 40% of global production in strategic sectors. China’s commerce ministry said the law would subject Chinese investors to “discrimination” and violate WTO principles. The legislation requires foreign firms to ensure at least 50% of workers are EU nationals, involve local firms in manufacturing, and transfer technological know-how to European partners.

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