The China Council for the Promotion of Trade held a regular press conference on July 31. Some reporters asked that the European Union is speeding up the implementation of the draft amendments to the Cybersecurity Law and the “Industrial Accelerator Act”. What is the reaction of the Chinese business community to this? Yang Fan, spokesman for the China Council for the Promotion of Trade, said, “The Chinese business community is concerned about this and believes that the relevant practices clearly exceed the limits necessary to maintain security and conflict with basic WTO rules, international trade in services commitments, and investment protection rules.” “We call on the European side to fully listen to the opinions of the global business community in the subsequent legislative process and carefully evaluate the impact of the relevant laws on Sino-European business cooperation, the EU's own industrial development, and the stability of the global supply chain. Adhere to the principles of technological neutrality and performance orientation, remove or substantially revise country-specific and discriminatory rules and arrangements, and effectively safeguard the common rights and interests of Sino-European cooperation in the future.” Yang Fan said.

The China Council for the Promotion of Trade held a regular press conference on July 31. Some reporters asked that the European Union is speeding up the implementation of the draft amendments to the Cybersecurity Law and the “Industrial Accelerator Act”. What is the reaction of the Chinese business community to this? Yang Fan, spokesman for the China Council for the Promotion of Trade, said, “The Chinese business community is concerned about this and believes that the relevant practices clearly exceed the limits necessary to maintain security and conflict with basic WTO rules, international trade in services commitments, and investment protection rules.” “We call on the European side to fully listen to the opinions of the global business community in the subsequent legislative process and carefully evaluate the impact of the relevant laws on Sino-European business cooperation, the EU's own industrial development, and the stability of the global supply chain. Adhere to the principles of technological neutrality and performance orientation, remove or substantially revise country-specific and discriminatory rules and arrangements, and effectively safeguard the common rights and interests of Sino-European cooperation in the future.” Yang Fan said.