SAIC Motor, one of China's largest EV makers, chose a port near the northwestern Spanish city of Ferrol in June as the site for a large plant expected to create more than 1,000 jobs for a city hit by industrial decline and population loss. Local residents largely support the project, and the government is expected to approve the investment before the November 29 election; even if that does not happen, a new conservative government is widely expected to approve it. Some critics worry that Chinese firms may keep core technology, leaving Spain as an assembly site or Ferrol as a way to avoid EU tariffs on Chinese imports, as Spain's trade deficit with China has doubled in six years to a record high. Former Spanish ambassador to China Rafael Dezcallar says the project must be tied to technology transfer.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Canh bạc táo bạo: Thành phố 300 năm tuổi đặt cược vào Trung Quốc nhưng điều phía sau mới đáng lo ngại
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