China Urges EU to Reconsider Infrastructure Phase-Out

China's foreign ministry urges the European Union to refrain from undermining investor confidence following reports of EU plans to exclude Chinese suppliers from critical infrastructure. Emphasizing transparency, China calls the move 'naked protectionism' amid EU's evolving security and tech strategy.

On Monday, China's foreign ministry voiced concerns to the European Union regarding a potential exclusion of Chinese suppliers from key infrastructure projects, a situation reported by the Financial Times.

In a statement to Reuters, the ministry described the move as 'naked protectionism' and emphasized the necessity for a fair business environment. Reports indicate Brussels aims to phase out Chinese-made equipment, affecting companies like Huawei and ZTE in telecom and solar sectors.

Set to be presented on Tuesday, the proposal aligns with EU's new security and tech policy strategy, reflecting increased caution towards Chinese involvement in critical infrastructure.

(With inputs from agencies.)