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Europe plans tougher response to China Shock 2.0

The European Union’s executive arm is set to back a tougher line against Chinese imports at a key meeting on Friday as a flood of low-cost competition undermines local industries. Potential measures include requiring companies in key sectors to have at least three suppliers from two or more countries in a bid to pare reliance on China, the South China Morning Post reported. Industry commissioner Stephane Sejourne will back broader use of regulations designed to prevent foreign companies...

Read original at South China Morning Post

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