Report calls Beijing an ‘existential threat’ to industry and urges naval exercises around Taiwan Strait.

The European Parliament voted for a significantly tougher China position on Wednesday, despite strong and long-standing lobbying from Beijing to tone down its official stance. The chamber backed stronger actions against Beijing, stating it is a “decisive enabler” of Russia, calling for a “continuous [European] naval presence and joint exercises” in and around the Taiwan Strait, and urging swift action to counter Beijing’s industrial policy, which it described as an “existential threat to the…

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