Last October saw the launch of a European Union probe designed to determine whether Chinese-made electric vehicles (EVs) benefitted unfairly from state subsidies. Many saw this as the culmination of European Commission efforts under President Ursula von der Leyen to pursue EU autonomy in green technologies vis-à-vis China. However, with barely two months left until … Read more
China’s latest official figures on the economy confirm two simultaneous truths. First, deflation, lower demand for durable goods, and lower imports persist, even if there has been some consumption rebound. New fiscal stimulus and a strong push for local government bonds to rescue the real estate sector have not had an impact on new borrowing … Read more
The first in-person China-EU summit since 2019 convened in Beijing on December 7. There were no major outcomes, only markedly pessimistic statements coming from the European side. With grievances mounting, from market access and dumping concerns to China’s support for Russia, is there any hope for China-EU relations? The Diplomat’s Shannon Tiezzi interviews Theresa Fallon, … Read more
Advertisement The electric vehicle (EV) sector has become a cornerstone of the EU’s environmental policy, as made evident by the establishment of the Fit for 55 legislation review package. The package set the ambitious targets of a 55 percent reduction in car emissions and a 50 percent reduction in van emissions by 2030. This policy … Read more