Bloc ‘will not waver’ from making tough decisions to protect economy and security, says Ursula von der Leyen

The European Commission chief said she was “convinced that if the competition is fair” from China, then Europe “will have thriving durable economies”. But she said the “imbalances” caused by state support for Chinese industry leading to cut-cost products threatened jobs in Europe, and that was “a matter of great concern”. “Europe will not waver from making tough decisions needed to protect its economy and security,” she said.

  • AutoTL;DR@lemmings.worldBEnglish
    3·
    6 months ago

    This is the best summary I could come up with:

    But she said the “imbalances” caused by state support for Chinese industry leading to cut-cost products threatened jobs in Europe, and that was “a matter of great concern”.

    In response, Xi said his country and the EU should strengthen their “strategic cooperation” and remain “partners” despite numerous disputes ranging from trade to human rights.

    Together with Macron they spoke about the geopolitical situation and how the EU and China had a “shared interest in peace and security” with a strong role to play in relation to the war in Ukraine.

    Last September, von der Leyen announced an investigation into alleged state support for Chinese electric cars, with conglomerate BYD launching an EV last year in the EU market at under €30,000 (£25,700).

    The competition commissioner, Margrethe Vestager, last month announced the EU would use its foreign subsidies regulation to launch an inquiry into Chinese wind turbine manufacturers.

    EU manufacturers have complained that not only is the price for Chinese wind turbines up to 50% lower than homegrown ones but that they are offering authorities general terms including deferred payment schemes.

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