By Katrina Hamlin
The bloc may insist that firms like BYD that invest locally also share technology and know-how. It’s a page out of Beijing’s playbook, which has had mixed results across autos, solar and other industries. Moreover, Brussels risks overplaying its hand and driving away the Chinese.
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CONTEXT NEWS
The European Union is looking into setting preconditions for Chinese companies investing in Europe, including transfers of technology and know-how, the EU trade chief and Denmark’s foreign minister said on October 14.
Enforcing joint ventures is another option under consideration, Bloomberg reported on the same day, citing sources.
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