People from nine more countries, including South Korea, Norway, Finland and Slovakia, will have visa-free entry to China from Friday, as Beijing tries to attract more tourists and improve international ties. From November 8, nationals from these countries, which also include Denmark, Iceland, Andorra, Monaco and Liechtenstein, will be allowed to enter China for business,…
The European Union has launched an investigation into Chinese online marketplace Temu, under suspicions that it is not cracking down on the sale of illegal products and that the platform’s design is “addictive” for users. The investigation comes under the European Commission’s Digital Services Act, a powerful instrument that gives it sweeping powers over online…
A trade war between China and the European Union was set to intensify after Beijing said it had lodged a complaint with the World Trade Organization following a move by the European Union to hike tariffs on Chinese-made electric vehicles. China’s commerce ministry on Wednesday said in a statement that it “does not agree with…
The US will ban outbound investments in China’s semiconductors, quantum technologies and artificial intelligence from January 2 if they are deemed to threaten American national security, a key move in the Biden administration’s efforts to address concerns about the mainland’s progress in advanced technologies. The US Treasury released final rules on Monday to prohibit engagement…
Chinese premium electric vehicle (EV) maker Xpeng has priced its latest model competitively, pinning hopes on its new autonomous driving system to lure customers away from Tesla’s technology on the mainland. The Guangzhou-based EV maker set the presale price on the P7+ sedan at 209,800 yuan (US$29,500) as the Paris Motor Show got under way…
BERLIN/SHANGHAI/BRUSSELS (Reuters) -Brussels rejected a proposal by the Chinese government for imported electric vehicles made in China to be sold at a minimum price of 30,000 euros ($32,946), three sources said, a move Beijing hoped would avert EU tariffs being imposed next month. The European Commission said it had dismissed minimum price offers from EV…
By Philip Blenkinsop BRUSSELS (Reuters) – German Chancellor Olaf Scholz’s rejection of EU tariffs on Chinese electric vehicles failed to stop fellow European Union members voting in favour, exposing how a divided Berlin is struggling to drive EU policy. Germany was one of only five EU members to reject tariffs after months of pressure from…
Big taxes will be imposed on imports of electric vehicles from China to the EU after the majority of member states backed the plans. The move to introduce tariffs aims to protect the European car industry from being undermined by what EU politicians believe are unfair Chinese-state subsidies on its own cars. Charges of up…
By Belén Carreño MADRID (Reuters) – The European Union should seek a compromise and negotiated outcome with China, Spain said on Thursday, on the eve of a crucial EU vote on electric vehicle (EV) tariffs. Instead of imposing tariffs, the EU should “keep negotiations open … beyond the binding vote” to strike a deal on…
(Reuters) – The European Union is planning to vote on whether to introduce tariffs as high as 45% on imported electric vehicles made in China on Oct. 4, Bloomberg News reported on Saturday, citing people familiar with the matter. Member states have received a draft of the regulation for the proposed measures, the report said,…