China Opposes EU Pressure to Cap Hybrid Car Exports
· Business · Global Times, globaltimes.cn
China’s Ministry of Commerce (MOFCOM) has expressed firm opposition to reports that the European Union is pressuring Beijing to cap exports of hybrid vehicles. The ministry stated that such moves would undermine fair trade practices and global supply chain stability. The EU has been investigating Chinese electric vehicle subsidies, leading to heightened trade tensions between the two regions. Beijing maintains that its automotive industry operates within international trade rules.
Why it matters
Trade restrictions on Chinese hybrid and electric vehicles could lead to retaliatory measures, impacting global automotive prices and the transition to green energy in both the EU and China.
Read the original report — Global Times
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