Key facts
- EU plans aim to reduce dependencies on China.
- New de-risking measures are expected in December.
- Industry groups are resisting the diversification plans.
The European Union is planning to introduce new measures later this year aimed at reducing its reliance on Chinese suppliers. However, European industry groups have expressed opposition to these plans, which seek to compel businesses to diversify their supply chains. The European Commission is expected to present a trio of new instruments in December, with the overarching goal of lessening dependencies on Beijing and enhancing the EU's position in potential trade disputes.