China and EU discuss electric cars issues
The dialogue will address concerns on the part of the EU about the subsidies granted by the Asian country
In a momentous meeting, Valdis Dombrovskis, Vice President of the European Commission and in charge of Trade, will hold a high-level economic dialogue with He Lifeng, Chinese Vice Premier. This long-awaited event will take place amid growing European concerns about China’s subsidies for electric vehicles.
Dombrovskis, the Latvian politician, began his four-day official visit last Saturday. At this time, the European Union faces additional difficulties for its companies to access the Chinese market, aggravated by tensions related to the crisis in Ukraine.
This Monday, in the Chinese capital, the tenth high-level dialogue on economics and trade between the EU and China will take place. The central topics of discussion will focus on macroeconomic issues, trade and investment, financial cooperation, and industrial and supply chains.
Despite the moderate expectations in Brussels, the European delegation made it clear that this visit goes beyond a simple “photo opportunity”, according to the Hong Kong newspaper South China Morning Post.
Dombrovskis, who will also meet the finance minister and the governor of the Chinese central bank, will address concerns related to the EU’s de-risking policy towards China. This policy has been interpreted by Chinese officials as a strategy of economic decoupling.
However, what will capture Chinese attention during this visit will be the recent announcement by the President of the European Commission, Ursula von der Leyen, about the opening of an investigation into public subsidies granted by China to electric vehicles.
Von der Leyen claimed during her State of the Union Address that “global markets are flooded with cheaper Chinese electric vehicles and their price is kept artificially low thanks to huge state subsidies.”
K. Tovar
Source: Bancaynegocios
(Referential image source: Glenn Carstens-Peters, Unsplash)
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