The European Union has unveiled sweeping plans to slash its reliance on China and reclaim control over critical sectors – from chemicals to pharmaceuticals and biotech – as it steps up its de-risking plans.
On Wednesday the bloc unveiled three separate proposals – an action plan for the chemicals industry, a medical countermeasures strategy and a stockpiling strategy – designed to make it more self-reliant in the face of growing concerns about the weaponisation of crucial supply chains.
Unlike…

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