BEIJING: China warned on Thursday( Sep 14 ) that a European Union investigation into Beijing’s electric car subsidies would harm its trade ties with the bloc, which it accused of” naked protectionism.”
The EU may impose duties on vehicles it believes are badly sold for less money, undercutting European rivals, according to the investigation, which was announced on Wednesday.
According to a statement from the business government, China” believes that the EU’s proposed analytical measures are to safeguard its own business in the name of” good competition” and may harm China-EU economic and trade relations.”
The investigation, according to the statement, is” dressed protectionist behavior that will severely disrupt and alter the global supply chain for the automotive industry, including the EU.”
Ursula von der Leyen, president of the European Commission, announced the anti-subsidy research on Wednesday and vowed to defend the union from cruel competition.
European manufacturers and EU members hailed the action as a” good transmission.”
The investigation, according to German Economy Minister Robert Habeck, showed the” right attitude” and was about tackling” unfair competition ,” while French Finance Minister Bruno Le Maire praised it during a visit to Berlin.
Pay close attention, please.
Wang Lutong, director-general of the Chinese foreign agency’s section of European matters, stated that” some EU members subsidise their electric car industries ,” and Beijing has already responded negatively to the sensor.
” In what capacity is the commission to launch an anti-subsidy exploration into Chinese electric cars?” He remarked.
However, there have long been worries about how heavily China is reliant on European goods, particularly those required for the EU’s emphasis on fresh power.
Last week, Thierry Breton, the head of the EU’s domestic market, issued a warning that Europe was” being relegated to shield exports of electric vehicles or thermal panels.”
Some experts predict that China could surpass Japan to become the country’s largest automaker this time.
State incentives for electric vehicles traveling across the Atlantic must also be considered by Western companies.
On Thursday, Beijing urged the EU to” conduct dialogue and conversation with the Chinese part, create a good, non-discriminatory, and repetitive marketplace environment for the joint development of the China-EU electric vehicle industry.”
China” will strongly protect the reasonable rights and interests of Foreign enterprises and pay close attention to the mercantilist tendency and follow-up actions of the European side.”