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The European Union has launched an investigation into potential unfair subsidies for Chinese electric vehicles, causing stocks of Chinese EV companies to dip and tensions between the two regions to rise.
HANGZHOU, China -- The 19th Asian Games will kick off in Hangzhou on Saturday, showcasing China's engagement with the region through sports while demo
Stocks advance by the most in more than two weeks as values emerged, underpinning UBS view that the market is due for a turnaround. The yuan strengthens in offshore trading as foreign funds pick up more A shares.
SHANGHAI/HONG KONG (Reuters) -Hong Kong-listed shares of Chinese electric vehicle (EV) makers fell on Thursday after the European Commission launched an investigation into Chinese EV subsidies, escalating EU-China tensions and prompting analysts to warn of retaliatory action. European Commission President Ursula von der Leyen announced the investigation on Wednesday, accusing China of flooding global markets with electric cars that had artificially low prices because of huge state subsidies. Eurasia Group analysts said the probe underscored growing protectionist tendencies in Europe and they...
European Commission President Ursula von der Leyen announced the investigation in her annual address to lawmakers on Wednesday, saying: "Global markets are now flooded with cheaper electric cars. And their price is kept artificially low by huge state subsidies."