EU plan to phase out Chinese tech could cost $432 billion
A CCCEU study warns that replacing Chinese tech in critical sectors could cost the EU $432 billion by 2030. Germany faces nearly half of the total bill.
Xurve View
Xurve View
The China Chamber of Commerce to the EU warned that phasing out Chinese technology could cost the bloc €367.8 billion ($432.83B) through 2030. A KPMG study found that replacing hardware across 18 sectors would burden Germany with €170.8B in costs. Investors face potential delays in digital and green transitions as the EU restricts suppliers in critical infrastructure.
