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China deems EU tariffs on Chinese EVs unacceptable

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China deems EU tariffs on Chinese EVs unacceptable

2024-10-31 19:16 Last Updated At:21:57

China views the European Union's decision to impose anti-subsidy tariffs on Chinese-made electric vehicles (EVs) as unacceptable and a serious violation of World Trade Organization (WTO) rules, according to He Yadong, spokesman for the Ministry of Commerce, speaking at a press conference in Beijing on Thursday.

He stated that many actions taken by the EU during the anti-subsidy probe are unreasonable and do not adhere to regulations, which China has actively defended against. The spokesman said the Chinese side has submitted various comments and evidence, which the EU has not fully considered.

"We have noticed that the tax rate in the final decision was adjusted compared to the preliminary decision made in July. However, the EU has not fundamentally changed its wrongful actions. The outcome deviates from WTO rules and fails to address the major concerns of both Chinese and European industries. China finds this decision unacceptable," said He.

The spokesman also emphasized that China supports and encourages normal trade and economic cooperation between the Chinese and European auto industries, aiming for mutual benefits and win-win results through open collaboration under a market-based system.

China has engaged with relevant countries in the electric vehicle sector through trade, investment, and technology, striving to sustain the global automotive industrial chain and stabilize the supply chain, He said, noting that the country is committed to green and low-carbon transformation and is actively responding to climate change.

The European Commission, the executive arm of the 27-nation EU, announced on Tuesday that it had concluded its anti-subsidy investigation and decided to impose a definitive countervailing duty on imports of new battery EVs from China for a period of five years.

The sampled Chinese companies will be subject to different countervailing duties, specifically, 17.0 percent on BYD, 18.8 percent on Geely, and 35.3 percent on SAIC.

China deems EU tariffs on Chinese EVs unacceptable

China deems EU tariffs on Chinese EVs unacceptable

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China, India work to safeguard border peace, tranquility: spokesman

2024-10-31 21:05 Last Updated At:21:47

China hopes India will work jointly to maintain peace and tranquility in the border areas, a Chinese defense ministry spokesman said in Beijing on Thursday.

Zhang Xiaogang, the spokesman, made the remarks in response to a query regarding a recent deal reached between the two countries on patrol arrangements in border areas, which could lead to disengagement and end the conflict that began in 2020.

India's Chief of Army Staff Gen. Upendra Dwivedi recently said that India hopes to restore the border situation to the state before April 2020, and gradually resume normal management along the Line of Actual Control (LAC).

"China and India have reached resolutions on issues concerning the border areas through diplomatic and military channels. The frontline troops of the two militaries are making progress in implementing the resolutions in an orderly manner," the spokesman said.

"President Xi Jinping met with Indian Prime Minister Narendra Modi on the margins of the BRICS Summit held in Kazan, Russia. Both sides agreed that China and India should view and handle the bilateral relations from a strategic and long-term perspective, and make sure that differences on specific issues would not affect the overall bilateral relationship. We hope the Indian side will work together with China in the same direction, take the important consensus between the two state leaders as guidance, continuously implement the above-mentioned resolutions, and jointly safeguard peace and tranquility in the border areas," he continued.

China, India work to safeguard border peace, tranquility: spokesman

China, India work to safeguard border peace, tranquility: spokesman

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