Chinese Firms Press Ahead in Europe Despite Rising Barriers

Chinese companies are pressing ahead with expansion in the European market despite mounting geopolitical hurdles and trade protection measures, industry leaders said at a Caixin forum in London on Thursday.

“Economic security and national security are two sides of the same coin,” said Patrick Horgan, a board member of the Great Britain China Centre, at the second Caixin London Atlantic Dialogue. He pointed to European trade defense tools, such as the Foreign Subsidies Regulation and the International Procurement Instrument, as a response to the China-EU trade deficit and measures taken by the U.S.