China’s foreign minister Wang Yi said China hoped that Europe’s de-risking policy was not targeted at specific countries and should not violate World Trade Organization rules
China on Monday promised to import more high-quality products and services from France, after a European probe into Chinese electric vehicle exports supported by Paris threatened to spark a tit-for-tat trade dispute between the two countries.
Sejourne said France will continue its talks on de-risking with China, and that it does not suggest that the European Union will take protectionist measures. Last year, the European Commission launched an investigation on whether China’s EV industry has benefited from unfair subsidies, and to determine whether to impose higher tariffs on imports of Chinese EVs to protect European car makers, a move that was promoted by Paris.
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