Category: Beijing
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Beijing complains to WTO about EU’s new EV tariffs
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Beijing announced on Wednesday that it had filed a complaint with the World Trade Organization over the European Union’s decision to impose heavy customs duties on Chinese-made electric cars. The additional taxes of up to 35% were announced on Tuesday after an EU investigation found that Chinese state subsidies were…
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Beijing complains to WTO about EU’s new EV tariffs
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Beijing announced on Wednesday that it had filed a complaint with the World Trade Organization over the European Union’s decision to impose heavy customs duties on Chinese-made electric cars. The additional taxes of up to 35% were announced on Tuesday after an EU investigation found that Chinese state subsidies were…
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Detained China banker’s wealth drops $750M amid Beijing crackdown
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In the boom years when China produced billionaires Every two daysBanking money maker Bao Fan almost achieved this feat himself. His skill in advising tech giants like Alibaba Group Holding Ltd. has made him one of the country’s most sought-after financiers, helping him amass a fortune worth more than $800…
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Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing
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Volvo Cars has begun shifting manufacturing of Chinese-made electric cars to Belgium, as the European Union prepares to impose tariffs on electric cars made in China, The Times reported. In addition to moving production of the Volvo EX30 and EX90 models to Belgium, the automaker may also move assembly of…