A young, narrow-track reciprocity cycle distinct from the broader EU FSR/TIB dispute (see western-industrial-policy-stack for the TIB determination). The IPI is a different legal instrument from the FSR, invoked here for the first time, and China's countermeasure mirrors its structure closely (threshold + carve-out for locally invested subsidiaries + content cap for remaining bidders).
Watch for: EU IPI designations expanding beyond medical devices; China lowering its CNY 45m threshold or extending the exclusion model to other IPI-adjacent sectors; and whether this track merges with or stays separate from the FSR/TIB escalation chain.