EU Commissioner Stéphane Séjourné on Wednesday presented a strategy shutting Beijing out of EU public funding by introducing a European preference in strategic sectors. Countries which limit access to their own markets through local content rules would also be cut off. The European Commission on Wednesday unveiled its long-awaited industrial plan, rolling out a “European Preference” that shuts China out of European public funding and tightens the screws on Beijing’s future investments in the European Union. The move comes after 200,000 European jobs were wiped out in energy-intensive industries and the automotive sector since 2024, with 600,000 losses projected this...