Protecting the important industriesBy Chang Meng-jen 張孟仁Amid increasing concerns over China’s global rise, the EU has demonstrated its resolution to bolster economic security with the European Commission’s Chips Act, a list of 10 critical technologies crucial to economic security and an investigation into subsidies for imports of battery electric vehicles from China. Like the US, Japan and other like-minded areas, the EU is wary of China’s advanced technological development and has implemented de-risking strategies. They have prevented advanced technologies from military and civilian use in China, and have been pouring resources into the digital and green industries, as well as identifying flaws in their own systems and diversifying. Similarly, the EU’s risk assessment report could lower the risk of an outflow of its advanced semiconductor, AI, quantum and biological technologies to rival countries. The EU has also moved to partner with allies to form closer collaborative ties and de-risk value chains.
