China Backs Auto Investment in Europe
Chinese Commerce Minister Wang Wentao expressed support for automaker investments in Europe during a meeting with German industry officials. Wang called for constructive dialogue to resolve trade issues and urged the European Union to avoid protectionist measures.
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China backs investment by its automakers in Germany's automotive sector, Commerce Minister Wang Wentao said during a Monday meeting. The comments arrive as Chinese manufacturers seek European factory sites ahead of anticipated local-content rules. Wang called for dialogue to resolve trade frictions without market fragmentation.
