Chinese chamber of commerce puts a $432bn price tag on the EU’s cybersecurity overhaul
A KPMG-conducted study commissioned by the CCCEU estimates that phasing Chinese suppliers out of 18 critical EU sectors between 2026 and 2030 would cost €367.8bn. Reuters’ headline rounds that down. The actual figure is materially higher.
China’s chamber of commerce in the EU has put a number on the cost of the European Commission’s plan to phase Chinese suppliers out of critical infrastructure, and the number is a large one. A study commissioned by the China Chamber of Commerce to the EU (CCCEU) and conducted by KPMG estimates that forced replacement of Chinese suppliers across 18 critical sectors would cost the bloc €367.8bn ($432.83bn) between 2026 and 2030.
The revised Cybersecurity Act, as we covered when the Commission reissued its Huawei and ZTE recommendation last week, is moving the EU’s existing soft restrictions on Chinese telecoms suppliers towards a binding regime.
The law would extend high-risk-supplier exclusions across 18 sectors...
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