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MNI: China Plans EU EV Production To Avoid Trade War

MNI (BEIJING)
(MNI) Beijing

Beijing will likely offer to move some EV production to the EU to help avoid a trade war, according to mainland experts.

Beijing will likely offer to move some electric-vehicle production to the European Union as part of a long-term deal to avert a trade war, a key issue ahead of this week's China-EU summit, a Chinese policy advisor and international affairs experts have told MNI.

"China is now expecting the EU to impose tariffs," said Qi Yue, deputy director at the international cooperation department at the State-owned Asset Administration Commission of the State Council.

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Beijing will likely offer to move some electric-vehicle production to the European Union as part of a long-term deal to avert a trade war, a key issue ahead of this week's China-EU summit, a Chinese policy advisor and international affairs experts have told MNI.

"China is now expecting the EU to impose tariffs," said Qi Yue, deputy director at the international cooperation department at the State-owned Asset Administration Commission of the State Council.

Keep reading...Show less