China, EU make strides toward strengthening ties
1 year ago

China, EU make strides toward strengthening ties

China Daily  

Staff members work at a Cainiao logistics center in Madrid, Spain, on July 31. "'De-risking' and 'reducing dependence' should not evolve into throwing away and weakening cooperation," China's Foreign Ministry spokesman Wang Wenbin said on Nov 30. Von der Leyen's announcement in her State of the Union Address on Sept 13 that the EU will launch an anti-subsidy investigation into EU imports of battery electric vehicles has caused an uproar in China. Voicing concern In its annual report released last month, the China Chamber of Commerce to the EU voiced its concern over the EU's anti-subsidy investigation and other discriminatory policies against Chinese companies. Chinese companies' evaluation of the EU's business environment has declined for the fourth consecutive year because of the bloc's "de-risking" strategy and its policy measures targeting Chinese investors.

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History of this topic

Not the time to spin wheels
6 days, 7 hours ago

Not the time to spin wheels

China Daily  

WANG XIAOYING/CHINA DAILY Since the European Commission launched the anti-subsidy investigation into China's electric vehicles in October 2023, how to properly promote the orderly and healthy development of the China-EU EV industry, and how to resolve the potential escalation of trade frictions have been a priority for the two sides. According to the China Automobile Association, in 2023, China's new …

Europe’s Big Battery Ambitions Are Failing, and China Is Benefiting
2 weeks, 1 day ago

Europe’s Big Battery Ambitions Are Failing, and China Is Benefiting

Live Mint  

Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing. “The failure to establish domestic battery manufacturing capabilities threatens the very existence of the automotive industry in Europe,” said Andy Palmer, former chief executive officer of Aston Martin Global Lagonda Holdings Plc. By the time Europe’s automakers went all in on electric cars, …

Beijing, Brussels may meet halfway on EV tariffs
4 weeks, 1 day ago

Beijing, Brussels may meet halfway on EV tariffs

China Daily  

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province. The prospect of China and the European Union nearing an alternative solution on the EU's imposition of extra tariffs on Chinese-made electric vehicles will provide a much-needed buffer to avoid the escalation of trade tensions between the two economic powerhouses, analysts said. Bernd Lange, chair …

China-EU solution to tariff war coming soon
Top News
1 month ago

China-EU solution to tariff war coming soon

China Daily  

By Wang Keju | chinadaily.com.cn | Updated: 2024-11-25 17:45 Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, awaiting export. The prospect of nearing an alternative solution by China and the European Union to the bloc's imposition of extra tariffs on Chinese-made battery electric vehicles would provide a much-needed buffer to avoid the escalation …

China-EU solution to tariff war coming soon
Top News
1 month ago

China-EU solution to tariff war coming soon

China Daily  

Hundreds of vehicles manufactured by Chery line up at a port of Wuhu, Anhui province, awaiting export. The prospect of nearing an alternative solution by China and the European Union to the bloc's imposition of extra tariffs on Chinese-made battery electric vehicles would provide a much-needed buffer to avoid the escalation of trade tensions between the two economic powerhouses, analysts …

Optimistic signals from China on trade talks with the EU
1 month ago

Optimistic signals from China on trade talks with the EU

NL Times  

China and the European Union have reached "technical agreement" on a number of points in their talks on reducing or reversing import duties imposed by the EU on electric vehicles produced in China. In response, the EU has increased import duties on electric cars from China, sometimes by up to ten percent. China and the EU held talks on the …

Talks on extra EV tariffs to continue
1 month, 1 week ago

Talks on extra EV tariffs to continue

China Daily  

A BYD vehicle on display during a recent auto expo in Paris, France. GAO JING/XINHUA The European Union and China will continue their negotiations this week seeking an alternative to the imposition of extra tariffs on electric vehicles, on the heels of talks earlier this month in Beijing, which yielded some progress, according to the European Commission, the bloc's executive …

EU ambassador says don't want trade war with China even as frustration over Beijing's market practices grows
1 month, 2 weeks ago

EU ambassador says don't want trade war with China even as frustration over Beijing's market practices grows

Firstpost  

Trade frictions between EU and China have intensified over the past year after the bloc launched an investigation into Chinese-made imports of EVs that prompted Beijing to launch probes into Europe’s pork and dairy industries and curb brandy imports Flags of European Union and China are pictured during the China-EU summit at the Great Hall of the People in Beijing, …

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat
Trending News
1 month, 2 weeks ago

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat

Firstpost  

Exports far surpassed analyst’s estimates of about 5.5 per cent growth and outpaced September’s growth of just 2.4 per cent. China’s exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3 per cent in October from a year earlier, …

China appeals to WTO over EU's final ruling of countervailing measures on Chinese EVs: commerce ministry
1 month, 3 weeks ago

China appeals to WTO over EU's final ruling of countervailing measures on Chinese EVs: commerce ministry

China Daily  

BEIJING -- China on Monday appealed to the World Trade Organization against the EU's final ruling of countervailing measures on Chinese electric vehicles, according to China's commerce ministry. China firmly opposes the final measures of the EU to impose high countervailing duties on Chinese-made EVs, despite a barrage of objections raised by relevant parties, including the governments of EU member …

MOC: Beijing has always supported positive ties between China, Europe car industries
1 month, 3 weeks ago

MOC: Beijing has always supported positive ties between China, Europe car industries

China Daily  

A SAIC model is driven into a cargo ship headed to Europe. China has consistently supported and encouraged mutually beneficial economic and trade cooperation between the Chinese and European automotive industries, said the Ministry of Commerce on Thursday. Speaking at a weekly briefing in Beijing, He Yadong, the spokesman for the ministry, stressed that China has continuously maintained an open …

EU tariffs on Chinese EVs serving no one's interest
1 month, 3 weeks ago

EU tariffs on Chinese EVs serving no one's interest

China Daily  

People visit the pavilion of Chinese carmaker BYD at the 2024 Paris Motor Show during the media day in Paris, France, Oct 14, 2024. Despite strong opposition from several member states, the European Commission has finalized its decision to levy tariffs on Chinese-made electric vehicles, which is a misguided trade protectionist measure hurting many but benefiting no one. The EU's …

What to know about Europe's tariffs on Chinese electric vehicles
1 month, 3 weeks ago

What to know about Europe's tariffs on Chinese electric vehicles

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The European Commission, the EU’s …

EU Imposes 45.3% Tariffs on Chinese EVs, Sparking Trade War with China
1 month, 3 weeks ago

EU Imposes 45.3% Tariffs on Chinese EVs, Sparking Trade War with China

Firstpost  

The European Union (EU) has imposed tariffs of up to 45.3 per cent on Chinese-built electric vehicles to counter alleged subsidies. The new rates will take effect the following day and will apply to Chinese brands' share of the EU market, which is estimated to be 8 per cent from below 1 per cent in 2019. The EU's stance towards …

The EU will impose duties on electric vehicle imports from China from Thursday
1 month, 3 weeks ago

The EU will impose duties on electric vehicle imports from China from Thursday

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

‘Made in China’ Vies for Europe’s Luxury Car Market
1 month, 3 weeks ago

‘Made in China’ Vies for Europe’s Luxury Car Market

Bloomberg  

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. With the latest digital tricks, leather dashboards and champagne coolers — but sometimes at half the price — Chinese automakers are seriously threatening European manufacturers in the luxury-car segment. Just listen to Ford CEO Jim Farley rave about the Xiaomi SU7 …

On EU EV Tariffs, China Adopts a Divide-and-Conquer Strategy
2 months ago

On EU EV Tariffs, China Adopts a Divide-and-Conquer Strategy

The Diplomat  

Spanish Prime Minister Pedro Sanchez made a four-day official visit to China from September 8 to 11. It’s no coincidence that, after these engagements, Sanchez urged the European Union to “reconsider” the imposition of tariffs on Chinese electric vehicles. The day after Sanchez publicly called for the European Commission to rethink the tariffs, China’s Foreign Ministry spokesperson Mao Ning praised …

Paris Motor Show opens during a brewing EV trade war between the EU and China
2 months, 1 week ago

Paris Motor Show opens during a brewing EV trade war between the EU and China

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chinese manufacturers are attending in …

EU says it could continue China EV talks even after tariffs
2 months, 3 weeks ago

EU says it could continue China EV talks even after tariffs

Hindustan Times  

By Philip Blenkinsop EU says it could continue China EV talks even after tariffs BRUSSELS, Sept 30 - The European Commission is willing to continue negotiating with China a potential deal to avert tariffs on Chinese electric vehicles even after such tariffs are imposed, a senior EU official said on Monday. The Commission, which is conducting an anti-subsidy investigation into …

Chinese carmakers sell fewest EVs in Europe since February 2023
2 months, 3 weeks ago

Chinese carmakers sell fewest EVs in Europe since February 2023

Hindustan Times  

Chinese manufacturers sold the fewest electric cars in 18 months to customers across Europe, with registrations falling by nearly half in August from a year earlier. MG, the British nameplate that’s now part of SAIC Motor Corp., lost its top spot across Europe to Chinese rival BYD Co., according to Jato Dynamics, which also tracks the automotive market. Uncertainty tied …

German economics minister urges political solution to EV tariffs with China
3 months ago

German economics minister urges political solution to EV tariffs with China

China Daily  

German Economics Minister Robert Habeck BERLIN - Germany's Economics Minister Robert Habeck has called for the European Union and China to reach a political solution to the issue of tariffs on electric vehicles. Emphasizing China's significance to the German and European economies, Habeck said fair competition conditions must be guaranteed and Germany welcomes competition with China. A government spokesperson said …

Punitive tariffs on Chinese EVs would cause irreparable damage to trade ties: China Daily editorial
3 months, 1 week ago

Punitive tariffs on Chinese EVs would cause irreparable damage to trade ties: China Daily editorial

China Daily  

With the European Union due to vote very soon on imposing tariffs of up to 35.3 percent on electric vehicles made in China, last-ditch efforts to prevent China-EU trade frictions escalating and causing damage to their mutually beneficial economic cooperation have gained a rising sense of urgency. "We don't need another trade war," Spanish Prime Minister Pedro Sanchez said during …

Expert: China can manage the impact of EU tariffs on Chinese EVs
3 months, 1 week ago

Expert: China can manage the impact of EU tariffs on Chinese EVs

China Daily  

In a recent interview with ChinaPerspectives, Huang Hanquan, head of the Chinese Academy of Macroeconomic Research, said that while the plans announced by the European Commission to impose import tariffs of up to 36.3 percent on electric vehicles produced in China will certainly have some impact, this impact can be managed and overcome. In terms of the new energy vehicle …

Expert: China can manage the impact of EU tariffs on Chinese EVs
3 months, 1 week ago

Expert: China can manage the impact of EU tariffs on Chinese EVs

China Daily  

In a recent interview with ChinaPerspectives, Huang Hanquan, head of the Chinese Academy of Macroeconomic Research, said that while the plans announced by the European Commission to impose import tariffs of up to 36.3 percent on electric vehicles produced in China will certainly have some impact, this impact can be managed and overcome. In terms of the new energy vehicle …

Why Britain is standing aside as the West battles cheap Chinese electric cars
3 months, 1 week ago

Why Britain is standing aside as the West battles cheap Chinese electric cars

The Telegraph  

Within weeks, nearly all of Britain’s closest allies will have hit Chinese electric vehicles with crippling trade tariffs. The decision has prompted warnings that the UK has made itself a prime target for “dumping” by manufacturers, as cut-throat competition at home drives Chinese brands to seek more profitable sales abroad. According to Whitehall and industry sources, the answer boils down …

China open to further consultations concerning the EU's anti-subsidy case
3 months, 2 weeks ago

China open to further consultations concerning the EU's anti-subsidy case

China Daily  

Xinhua | Updated: 2024-09-10 20:35 BEIJING -- China's Ministry of Commerce on Tuesday expressed willingness to engage in further consultations with the European Union concerning the anti-subsidy case involving Chinese electric vehicles. The EV case is complex and has a wide impact, and there are certain challenges facing the quest for China and the EU to reach an agreement through …

China open to further consultations concerning the EU's anti-subsidy case
3 months, 2 weeks ago

China open to further consultations concerning the EU's anti-subsidy case

China Daily  

BEIJING -- China's Ministry of Commerce on Tuesday expressed willingness to engage in further consultations with the European Union concerning the anti-subsidy case involving Chinese electric vehicles. The EV case is complex and has a wide impact, and there are certain challenges facing the quest for China and the EU to reach an agreement through consultation, the spokesperson noted, adding …

Practical Sino-German cooperation boon for both
3 months, 3 weeks ago

Practical Sino-German cooperation boon for both

China Daily  

Employees of BMW Brilliance Automotive work on the production line in Shenyang, Liaoning province, in May. CHINA DAILY After the European Commission announced that it would impose high tariffs on Chinese new energy vehicles, German automakers such as BMW, Volkswagen and Mercedes-Benz expressed their opposition. "We don't think that our industry needs protection," BMW CEO Oliver Zipse was reported by …

Chinese EV giant BYD posts 24.4% rise in profit
3 months, 3 weeks ago

Chinese EV giant BYD posts 24.4% rise in profit

Hindustan Times  

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets. Chinese EV giant BYD posts 24.4% rise in profit The company posted a net profit of $1.91 billion in the January-June period, up from $1.54 billion …

EU action will hurt trade partnership
3 months, 4 weeks ago

EU action will hurt trade partnership

China Daily  

A SAIC model is driven into a cargo ship headed to Europe. Protectionist moves by the European Union, particularly those targeting Chinese electric vehicles, will affect mutual trust and cooperation between China and the EU, market watchers and industry leaders said. "The EU's protectionist actions will damage China-EU economic and trade cooperation, disrupting ongoing consultations and negotiations between the two …

Automakers pushing back against European Union's plan for tariffs
3 months, 4 weeks ago

Automakers pushing back against European Union's plan for tariffs

China Daily  

The SAIC Anji cargo ship exports vehicles from Yantai Port in Shandong province on May 15. Chinese carmakers and the country's leading auto association have expressed opposition to the EU's latest draft plan on charging extra duties on China-made EVs but said they remain committed to exploring European markets. Geely Holding Group is primarily exporting Lynk & Co and Zeekr …

EU probe into China EV makers 'not transparent'
3 months, 4 weeks ago

EU probe into China EV makers 'not transparent'

China Daily  

Shi Yonghong, vice-president of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, told China Daily in an exclusive interview that under the new Foreign Subsidies Regulation, the European Union will conduct in-depth investigations into local investments in industries that it suspects of receiving foreign subsidies. The battery electric vehicle companies will be very cautious …

Dairy imports from EU face probe
4 months ago

Dairy imports from EU face probe

China Daily  

China's decision to launch an anti-subsidy probe into certain dairy products imported from the European Union fully aligns with domestic laws and World Trade Organization rules, said a commerce official on Thursday. In a statement released by the Brussels-based China Chamber of Commerce to the EU earlier this week, the chamber said that the development of the European EV industry, …

EU tariffs trigger trade war concerns
4 months ago

EU tariffs trigger trade war concerns

China Daily  

Rental cars at an automobile rental depot of Europcar Mobility Group in Hamburg, Germany, in 2021. He argued that the EU's ambitious goal of net zero by 2050, along with an intermediate target of at least a 55 percent reduction by 2030, "implies deploying mass-market clean technology products like solar panels and electric vehicles in very large numbers". Two decades …

Dairy imports from EU face probe
4 months ago

Dairy imports from EU face probe

China Daily  

China's decision to launch an anti-subsidy probe into certain dairy products imported from the European Union fully aligns with domestic laws and World Trade Organization rules, said a commerce official on Thursday. In a statement released by the Brussels-based China Chamber of Commerce to the EU earlier this week, the chamber said that the development of the European EV industry, …

EU tariffs trigger trade war concerns
4 months ago

EU tariffs trigger trade war concerns

China Daily  

Rental cars at an automobile rental depot of Europcar Mobility Group in Hamburg, Germany, in 2021. He argued that the EU's ambitious goal of net zero by 2050, along with an intermediate target of at least a 55 percent reduction by 2030, "implies deploying mass-market clean technology products like solar panels and electric vehicles in very large numbers". Two decades …

China's SAIC Motor opposes 'artificially setting up trade barriers'
4 months ago

China's SAIC Motor opposes 'artificially setting up trade barriers'

China Daily  

A poster for an MG-4 EV, a brand of Chinese state-owned carmaker SAIC, is displayed at a car showroom in Santander, Spain, June 13, 2024. BEIJING - SAIC Motor, a major Chinese carmaker, said it will take further legal action to defend its rights and interests if necessary as the European Commission will make the final ruling regarding tariffs on …

China's SAIC Motor opposes 'artificially setting up trade barriers'
4 months ago

China's SAIC Motor opposes 'artificially setting up trade barriers'

China Daily  

A poster for an MG-4 EV, a brand of Chinese state-owned carmaker SAIC, is displayed at a car showroom in Santander, Spain, June 13, 2024. BEIJING - SAIC Motor, a major Chinese carmaker, said it will take further legal action to defend its rights and interests if necessary as the European Commission will make the final ruling regarding tariffs on …

China firmly opposes move on EV tariffs
4 months ago

China firmly opposes move on EV tariffs

China Daily  

The European Union's plan to impose definitive countervailing duties on imports of electric vehicles from China is likely to weaken Chinese investors' confidence in Europe and hinder the growth of the global green industry, said market watchers and industry leaders on Wednesday. The EV tariffs decision was based on facts determined unilaterally by the EU, rather than mutually recognized facts, …

Commission's wrong, unreasonable and noncompliant move not good for EU: China Daily editorial
4 months ago

Commission's wrong, unreasonable and noncompliant move not good for EU: China Daily editorial

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA The Chinese Commerce Ministry has denounced the European Commission for engaging in "unfair competition" under the guise of "fair competition", saying that it will take all necessary measures to defend the legitimate rights and interests of Chinese enterprises after the commission announced additional tariffs on Chinese …

EU lists lower tariff on China-made Teslas as it revises duties
4 months ago

EU lists lower tariff on China-made Teslas as it revises duties

Al Jazeera  

EU changes its punitive duties on imports of Chinese-made EVs, including those made in joint ventures with EU firms. It set a new reduced extra rate of 9 percent for Tesla, lower than the 20.8 percent it had indicated in July, and said some Chinese companies in joint ventures with EU automakers may also receive lower planned punitive duties on …

Chinese electric cars will be dumped in Britain, experts warn
4 months, 1 week ago

Chinese electric cars will be dumped in Britain, experts warn

The Telegraph  

Chinese electric cars will be funnelled towards Britain as manufacturers seek to avoid punishing European Union tariffs, analysis predicts. However, the analysis said Chinese brands see Britain as a particularly attractive market for right-hand drive cars because of tough policies such as the zero emission vehicle mandate, which compels car makers to sell rising proportions of EVs. “The UK is …

Expert calls for fairer, more just intl trade environment
4 months, 1 week ago

Expert calls for fairer, more just intl trade environment

China Daily  

China is proactively expanding imports, encouraging outward investment and broadening institutional opening-up to counter "unfounded" protectionist trading policies and promote win-win globalization, said a renowned economist and policy researcher. While China will continue improving its business environment, Jiang said it is inappropriate to excessively blame China's investment climate alone for the decline in foreign direct investment inflow, which is partially …

Expert calls for fairer, more just intl trade environment
4 months, 1 week ago

Expert calls for fairer, more just intl trade environment

China Daily  

China is proactively expanding imports, encouraging outward investment and broadening institutional opening-up to counter "unfounded" protectionist trading policies and promote win-win globalization, said a renowned economist and policy researcher. While China will continue improving its business environment, Jiang said it is inappropriate to excessively blame China's investment climate alone for the decline in foreign direct investment inflow, which is partially …

Expert calls for fairer, more just intl trade environment
4 months, 1 week ago

Expert calls for fairer, more just intl trade environment

China Daily  

China is proactively expanding imports, encouraging outward investment and broadening institutional opening-up to counter "unfounded" protectionist trading policies and promote win-win globalization, said a renowned economist and policy researcher. While China will continue improving its business environment, Jiang said it is inappropriate to excessively blame China's investment climate alone for the decline in foreign direct investment inflow, which is partially …

Tariff hike fears drive Chinese EV sales
4 months, 3 weeks ago

Tariff hike fears drive Chinese EV sales

China Daily  

BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent of the European EV market in June. In early July, the EU announced …

Tariff hike fears drive Chinese EV sales
4 months, 3 weeks ago

Tariff hike fears drive Chinese EV sales

China Daily  

By JULIAN SHEA in London | China Daily Global | Updated: 2024-08-01 09:30 BYD's electric models attract visitors at a new energy auto expo in Beijing. The surge in Chinese electric vehicle sales across Europe in June was mainly driven by looming tariff threats, newly released data reveal. According to analytics company Dataforce, Chinese carmakers captured a record 11 percent …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

Minister says Britain not planning China EV tariff
5 months, 1 week ago

Minister says Britain not planning China EV tariff

China Daily  

Britain's Secretary of State for Business and Trade and President of the Board of Trade Jonathan Reynolds walks outside Number 10 Downing Street in London, Britain, July 9, 2024. The United Kingdom has no plans to follow the European Union's lead and impose tariffs on imports of China-made electric vehicles, or EVs, the nation's new business minister said. UK's Secretary …

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