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Story summary
- EU Trade Commissioner Maroš Šefcovic will travel to Beijing to discuss rebalancing the €1 billion-a-day trade deficit, October.
- A surge in Chinese exports is pressuring EU producers and raising deindustrialisation fears.
- The European Commission is drafting rules to diversify critical supply chains and curb hybrid electric vehicle imports.
- Lead sponsors of the Industrial Accelerator Act want a ‘Made in Europe’ club and tighter foreign-investment screening.