Free Trial

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI (Beijing)

China’s Ministry of Commerce will ensure foreign firms can participate equally in equipment renewal and old-for-new exchange policies going forwards, Ling Ji, vice minister of Commerce told international business leaders on Wednesday.

Speaking at a round-table event held to clarify interpretations, Ling said the policy would expand domestic demand and bring opportunities for all types of enterprises, including foreign-funded firms.

Beijing still hopes to compromise with the EU to reduce definitive levies on Chinese EVs despite Brussels imposing provisional tariffs earlier this month, former trade officials and advisors told MNI. (MNI: China Expecting EU Tariffs On Electric Vehicles-Advisors)
MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.