The EU is to cut funds for projects containing Chinese inverters, SCMP reports; sources state that the commission wants to prevent EU money from flowing to such projects and curb research cooperation under its Horizon programme
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The EU is to cut funds for projects containing Chinese inverters, SCMP reports; sources state that the commission wants to prevent EU money from flowing to such projects and curb research cooperation under its Horizon programme
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Context
The EU's decision to cut funding for projects involving Chinese inverters signifies a tightening of trade relations and a strategic shift to limit reliance on Chinese technology. This move could escalate tensions and lead to ripple effects across sectors reliant on cooperation with China, impacting market sentiment towards related equities and potentially influencing global supply chains.
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