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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.
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MNI BRIEF: EU Should Listen To EV Industry Voices - China
Beijing has called on the EU to consider industry voices and work with China to promote supply chain stability and the robust and green development of the automotive industry sector, officials at the Ministry of Industry and Information Technology (MIIT) told reporters on Thursday.
Authorities have strongly objected to the EU-initiated electric vehicle anti-subsidy investigation into China's electric cars and reminded reporters that the auto industries on both sides have a long history of successful cooperation.
Policy advisors recently told MNI China expects challenging negotiations to avoid a trade war with the EU over its EV exports, with officials in Beijing regarding France as taking a harder line in the talks than other member states such as Germany. (See MNI: France Deal Key To Avoid EU Trade War - China Advisor - Bonds & Currency News | Market News)
With regards to accusations over steel oversupply, the ministry noted China has historically maintained its export proportion of output at roughly 5%, lower than Japan and South Korea, and that China’s steel strategy was positioned on meeting domestic demand with firms trading in international markets under WTO rules.
To read the full story
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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.