The EU s anti-subsidy probe into Chinese new energy vehicles (NEV) is based on subjective assumptions, lacks sufficient evidence and goes against WTO rules, China s Ministry of Commerce (MOFCOM) said on Wednesday, responding to an EU decision to conduct the probe.
A ‘perfect storm’ of factors is conspiring to suppress investor sentiment, and the time has come for concrete action and transparency, says Jens Eskelund with the EU Chamber of Commerce in China.
The country’s ambassador to Berlin Wu Ken told a newspaper that Beijing is committed to ending the conflict but Europe and the US must play an active part too.
Beijing appears to have taken inspiration from the European Union’s (EU) decades-old blocking statute when it drafted its own law to counter Western sanctions.
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