China Slams Europe’s EV Overcapacity Claims as ‘Excessive Anxiety’ 🇨🇳🚗 - 🌍NewspaperAmigo

China Pushes Back Against Europe's EV Overcapacity Claims

China's Minister of Commerce, Wang Wentao, has slammed Europe's recent anti-subsidy investigation into Chinese electric vehicles (EVs) as a classic case of trade protectionism. According to Wang, Europe's narrative of China's \"excessive industrial capacity\" is not about actual production, but rather a reflection of \"excessive anxiety.\"

Wang made these remarks during the 29th meeting of the China-Spain Joint Economic and Industrial Cooperation Committee in Madrid, where he co-chaired with Spanish Minister for Economy, Commerce and Business, Carlos Cuerpo. The meeting focused on fostering high-quality bilateral trade, addressing the EU's anti-subsidy measures, and enhancing cooperation in sectors like renewable energy and medical equipment.

\"The claim of excessive industrial capacity is misplaced; it's not about the numbers but about the anxiety,\" Wang stated, dismissing accusations of market distortion as stemming from a \"distorted mentality.\" He emphasized the importance of dialogue and communication to resolve disputes and build stronger economic ties.

On his part, Minister Cuerpo echoed the sentiment, highlighting Spain's commitment to deepening its strategic partnership with China. He expressed enthusiasm for exploring new cooperation opportunities in industries such as automobiles and renewable energy, aiming for balanced and mutual growth.

Both ministers underscored the potential for win-win outcomes through increased investments, support for small and medium-sized enterprises, and expanded market cooperation. China aims to work closely with Spain to promote two-way investments and maintain an open, rational approach in the green and new-energy sectors.

This exchange marks another step in China-Europe economic relations, as both sides navigate the complexities of global trade dynamics and seek avenues for sustainable development.