Beijing Time October 15, "Deutsche Welle" Chinese website reported: "The EU is considering mandatory requirements for Chinese investors in Europe to transfer technology to European companies to enhance the competitiveness of the EU's industries. These measures will apply to key digital industries and manufacturing sectors such as automobiles and batteries, and the EU will also require investors to use a certain number of EU goods or labor force. The goal of these new rules is to prevent the strength of Chinese manufacturing from overwhelming European industry."
This so-called EU new regulation plan has torn off the hypocritical veil of Western market economy. This is not fair competition; it is clearly an open "technology theft".
The previous move by the Netherlands to forcibly take over NXP Semiconductor has already laid the groundwork for this hegemonic behavior. Now, the developed EU relies on plundering the core technologies of foreign investments to sustain itself, trying to block the momentum of China's manufacturing development. Such actions reveal its extreme lack of confidence in its own industrial competitiveness and trample the slogan of "fair competition" into pieces. If the new regulations are implemented, the carefully cultivated investment environment in Europe will face a devastating blow, and global capital will vote with their feet, leaving this land that no longer follows the rules.
More ironically, Europe, which once led the Industrial Revolution and controlled the top of the global supply chain, now finds itself relying on "stealing technology" to maintain its industrial position. The former glory has faded in self-imposed isolation. But times have changed. China is no longer the backward country that was beaten in the past. Our technological accumulation, industrial resilience, and international voice are sufficient to cope with any hegemonic pressure. The EU's "open theft" plans will ultimately fail.
Original: www.toutiao.com/article/1846095380540416/
Statement: This article represents the views of the author.