European Commission’s anti-subsidy investigation into Chinese EVs will boomerang – Official
Investigation
Beijing, June 13, 2024 (Xinhua/NAN) A Chinese foreign ministry spokesperson said on Thursday the anti-subsidy investigation against Chinese electric vehicles (EVs) initiated by the European Commission will only boomerang.
The spokesperson urged the EU to stop politicising economic and trade issues.
Spokesperson Lin Jian made the remarks in response to opposing voices from Germany, Hungary, and major European automobile companies after the European Commission announced on Wednesday.
In his announcement, Lin said an increase of provisional duties was levied on EV imports from China by up to 38.1 per cent starting July 4.
Lin pointed out that regarding the preliminary findings released by the European Commission about the anti-subsidy investigation, a spokesperson for the Ministry of Commerce has stated China’s solemn position.
Chinese industry and business associations also expressed their firm opposition.
Lin emphasised that the investigation is a typical protectionist move, ignoring objective facts and disregarding WTO rules in reverse of the historical trend.
This will only harm others and boomerang on oneself.
“We urge the EU side to listen carefully to all sectors’ objective and rational voices, immediately correct its wrong practices, and stop politicising economic and trade issues.
“To also properly handle economic and trade frictions through dialogue and consultation, and avoid undermining mutual trust and dialogue and cooperation between China and the EU,’’ said Lin. (Xinhua/NAN) (www.nannews.ng)
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(Edited by Cecilia Odey/Emmanuel Yashim)
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