The writer is a fellow on the Chinese economy at the Asia Society Policy Institute
The EU’s decision to demand technology transfers from Chinese companies in exchange for battery production subsidies is a bold idea with many detractors. Critics, both in Europe and abroad, warn of economic coercion, retaliation by Beijing and the risks of deepening China’s market influence in Europe.
But these concerns miss the point. The policy is neither capitulation nor gamble; it is a calculated response to the realities of the global competitive landscape for electric vehicles.
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