"firms would be required to establish joint ventures with local partners; transfer technology and know-how to such partners; conduct research and development in Europe" [joint ventures]
The article explicitly frames the IAA as a 'reverse Deng' — the EU adopting the same coercive investment conditions that China used to build its industrial base. This is not merely protectionism but a structural shift: liberal market economies are abandoning reciprocal openness norms and adopting state-directed industrial policy tools previously associated with authoritarian developmental states. The pattern generalizes beyond the EU to any advanced economy facing competitive pressure from state-subsidized Chinese industry in strategic sectors like EVs and batteries.