BRUSSELS —The European Union unveiled on Wednesday a plan to cut its dependency on Chinese and other foreign suppliers in six strategic areas like raw materials, pharmaceutical ingredients, and semiconductors after the pandemic-induced economic slump. The 27-nation bloc outlined the urgency of the task citing Europe’s reliance on China for about half of 137 products…
EU Unveils Plan to Cut Dependency on China, Others
May 5, 2021
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ChinaChina Business & EconomyCOVID-19 pandemiceconomic slumpEuropeindustrial strategysupply chainWorld
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