China's Warning to the West as EU Imposes Tariffs on Chinese Electric Vehicles | Mandarin Speech
China has sought to counter western criticism of the country’s industrial strategy, saying the country’s exports were a benefit to world trade. Speaking at a World Economic Forum event in the city of Dalian, China’s Premier Li Qiang said that China’s production of new energy products such as lithium batteries and electric vehicles, which has soared in recent years, was “enriching global supply”. His comments come weeks after the EU unveiled tariffs of up to 38 per cent on EVs made in China and as tensions between Beijing and the West remain. Reiterating comments made at the same conference last year, Li said that the “regressive actions of decoupling” would drag the world into a “destructive spiral” where “fierce competition for a larger slice results in a smaller pie”.
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