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Western trade barriers against Chinese EVs counterproductive: Nobel laureate

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      Western trade barriers against Chinese EVs counterproductive: Nobel laureate

      2024-08-10 04:02 Last Updated At:14:57

      Trade barriers placed by the United States and European countries against Chinese electric vehicles (EVs) are counterproductive and should be removed to restore free trade, said Eric Maskin, a Nobel laureate in economics, in an interview with China Central Television (CCTV) that was aired Friday.

      China has been the global leader in EV for nine consecutive years, with both production and sales of its new energy vehicles exceeding 9 million units in 2023.

      Maskin attributed China's current leading position in EV production to its notion of developing new quality productive forces, which follows the trend of the times.

      "I think it makes a lot of sense. The technology that was dominant in the 20th century is being replaced by the technology of the 21st century. And it makes a lot of sense for China to be out in front of that and putting its investment and its resources into this new technology. For example, I mentioned electric cars. A while ago, China has become a world leader in the production of electric cars, which I think makes a lot of sense. They've made wise investment to go in that direction, because the world is going to need those electric cars," Maskin said.

      The United States announced on May 14 this year a sharp increase in its Section 301 tariffs on Chinese EVs from 25 percent to 100 percent.

      The European Commission, the executive arm of the European Union, introduced provisional duties of up to 37.6 percent on Chinese EVs in early July.

      Calling these moves counterproductive, Maskin called for the removal of the barriers and the restoration of free trade.

      "From the standpoint of international trade and cooperation, I think placing barriers to that trade is counterproductive, so that makes me unhappy to see this interference. My hope is that the barriers will be removed and we will have a, we will restore free trade once again. Perhaps I'm being over optimistic here, but that I think would be the happiest outcome. In other words, I see the interference with free trade as temporary rather than permanent," he said.

      Western trade barriers against Chinese EVs counterproductive: Nobel laureate

      Western trade barriers against Chinese EVs counterproductive: Nobel laureate

      Western trade barriers against Chinese EVs counterproductive: Nobel laureate

      Western trade barriers against Chinese EVs counterproductive: Nobel laureate

      Next Article

      Robot competition wows public with advancing brain-computer interface technology

      2025-01-21 17:09 Last Updated At:18:37

      The 2024 World Robot Contest Finals, just concluded on Tuesday in Zhengzhou, central China's Henan Province, has captivated visitors with exciting robot battles and groundbreaking technologies.

      The event consists of two major competitions: Brain-Computer Interface or BCI Brain-controlled Robot Competition and Youth Robot Design Competition.

      Running from Jan 16 to 21, the event covers more than 20 major events, 50 minor events and 100 competition groups, providing a broad competitive stage for robot enthusiasts around the world.

      During the six-day event, incredible displays realized by BCI technology, like typing and communicating with mind, have also taken the spotlight at the fair.

      BCI refers to a system allowing a person to control a computer or other electronic device using his or her brainwaves, without requiring any movement or verbal instruction.

      At the competition site, young contestants, wearing portable devices on their heads, silently controlled line-following robots to complete challenge tasks by leveraging their brainwave signals.

      Wu Qin, a referee of the competition, explained that the performance of contestants is determined by their level of concentration during the event, with the data being collected from within the human brain.

      "The BCI device works kind of like a fitness tracker that monitors our heart rate and blood oxygen levels," Wu added.

      Meanwhile, a display and experience area, showcasing various application scenarios of BCI, have attracted crowds of visitors.

      "I just experienced the mood breathing light and visual typing. Both are quite advanced. I haven't come across similar things before. This competition let us learn about these novel devices, and it's great," said a visitor.

      Robot competition wows public with advancing brain-computer interface technology

      Robot competition wows public with advancing brain-computer interface technology

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