China Opposes EU Hybrid Car Export Limits
China said it will closely monitor EU actions regarding its electric vehicle industry. The commerce ministry stated that voluntary export limits violate WTO rules and market principles.
China will monitor European Union actions on hybrid vehicle exports and oppose any voluntary caps, the foreign ministry said on Friday afternoon. The response follows reports that Brussels requested export limits of 15% to avert escalating trade tensions. The dispute threatens bilateral automotive trade as Beijing defends its manufacturing interests.
