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Regulation Macro

China Says Protectionism Undermines Business Confidence in Europe

China’s Foreign Ministry said protectionism is undermining corporate confidence in investing in Europe, after a European telecom lobbying group warned that the EU’s revised Cybersecurity Act would force European telecom firms to spend an extra €40 billion on equipment replacement. Ministry spokesperson Guo Jiakun said on the 16th that China has noted the reports, and that earlier assessments put the law’s potential cost to the EU at over €360 billion over the next five years.

Original source

AI take

Beijing is framing the EU's cybersecurity overhaul as a confidence problem rather than a technical one, which turns an equipment-replacement bill into a broader signal about how European regulators treat foreign suppliers. The numbers cited — the industry's €40 billion and China's €360 billion five-year estimate — are advocacy figures from interested parties, so the real story is the widening gap between Brussels' security rationale and the cost claims being used against it. Whether European carriers absorb the replacement costs or push back during implementation is the open question.

Generated by AI for reference only.

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