The "** Chain Act", which has been planned by the European Union for more than two years, failed to obtain a majority in the vote, Germany and other countries abstained, and Sweden voted against.
Although the bill does not directly name China, it does require EU companies to investigate business partners in third countries, making Chinese companies a possible target for regulation.
Previously, the European Commission introduced the cross-industry mandatory application of the **chain law, which aims to integrate sustainable development goals such as human rights and the environment into the **chain, so as to maintain the competitive advantage of EU enterprises.
The bill requires companies not to violate the EU ban in the **chain, and violators will be fined. Germany has shown reservations on this issue, fearing that the bill will pose liability risks for German companies and weaken their competitiveness.
Germany's abstention could trigger other EU countries to follow suit. Finland, Italy and other countries have joined the abstaining camp, and many member states have expressed similar attitudes. Chinese Foreign Minister Wang Yi said during his meeting with Germany** that there is no fundamental conflict of interest between China and Germany, and that China and Germany should maintain exchanges and contribute to world peace and development.
German Chancellor Olaf Scholz also said that Germany opposes protectionism and is happy to see China's development and revitalization.
There have been a lot of rumors about Germany recently, and Germany's repeated abstentions in the short term may be a sign that Germany has taken the initiative to show its sincerity to China.
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