China's Minister of Commerce Wang Wentao has fired back at the European Union's investigation into Chinese electric vehicles (EVs). 🇨🇳⚡️ He says the EU's claim of \"excessive industrial capacity\" is just trade protectionism dressed up fancy. 🎩✨
Speaking in Madrid during the 29th China-Spain Joint Economic and Industrial Cooperation Committee meeting, Wang didn't mince words. He pointed out that Europe's issue isn't with actual production overcapacity but with \"excessive anxiety.\" 😰 \"The accusation of market distortion against China comes from a distorted mentality,\" he remarked.
Wang and Spanish Minister for Economy, Commerce and Business Carlos Cuerpo had a deep dive into boosting their economic and trade relations. 🤝 They chatted about enhancing two-way investments, supporting small and medium-sized enterprises, and opening up more avenues for win-win collaborations. 💼🌍
Wang hopes Spain will nudge the EU towards being more chill and open-minded, especially in the green and new-energy sectors. 🌿♻️
Cuerpo was all ears, expressing Spain's eagerness to deepen its strategic partnership with China. He highlighted opportunities in automobiles, renewable energy, industrial machine tools, and medical equipment. 🚗🔋🛠️
Seems like both sides are gearing up for a future full of collaboration and growth! 🚀✨
Reference(s):
cgtn.com
