Free Trial

MNI BRIEF: Wang Tells Dombrovskis China Unhappy With EV Probe

MNI (Beijing)

Beijing remains unhappy with the European Union probe into its electric vehicle subsidies because it lacks a factual basis, Minister of Commerce Wang Wentao has told EU Trade Commissioner Dombrovskis on Tuesday.

The two officials met at the Ministerial Conference of the World Trade Organisation, with Wang telling EU counterparts China and the EU support the multilateral trading system and should work together to improve dispute settlement, fishery subsidies, investment facilitation, and e-commerce.

Beijing could offer to move some electric-vehicle production to the EU as part of a long-term deal to avert a trade war, a Chinese policy advisor and international affairs expert recently told MNI. (See MNI: China Plans EU EV Production To Avoid Trade War)
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.