ANALYSIS-Spain courts Chinese firms but looks to EU for ground rules

As Spanish regions jostle to draw Chinese battery and ?carmakers to produce on their turf, many of the same players are also pushing Brussels ?to ?lock in tough, EU-wide foreign investment rules to ensure Spain’s economy isn’t harmed by a race to the bottom. The two-pronged approach highlights the fine balancing act for Europe in finding a strategy to deal with Chinese firms’ surging imports and ambitions to expand European production without becoming a mere assembly site for Chinese technology. The stakes will rise in coming weeks as European Union countries discuss hardening trade arrangements with ?Beijing. “We are hugely…