Beijing's stance on European trade initiatives
The Ministry of Commerce of the People's Republic of China stated its readiness to resolutely defend the country's economic interests against the backdrop of the European Union preparing new trade restrictions. The ministry urged Brussels representatives not to underestimate the determination and capabilities of the Chinese side.
Potential market consequences
The measures under consideration by the European Union may involve restricting access for Chinese goods to the European market. Against the backdrop of these preparatory processes, Beijing officially warned its partners of its intention to respond firmly to any steps that affect the economic interests of the PRC.
Context of previous agreements
It is worth noting that the parties had previously reached an agreement on market regulation: China and the EU agreed to limit the import of Chinese hybrid cars to 350,000 units per year.
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