Updated on September 28, 2023, at 10:04
Chinese Foreign Minister Wang Yi Requests Fire Support in Phone Call with Hungarian Counterpart
An Inside Look at BYD Headquarters, a Leading Chinese Electric Vehicle Company
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Beijing – In a recent phone conversation with Hungarian Foreign Minister Peter Szijjarto, China’s Foreign Minister Wang Yi expressed strong dissatisfaction with the European Union’s (EU) anti-subsidy investigation into Chinese electric vehicles. Minister Wang referred to the investigation as “a violation of international trade rules.” The call took place on the previous day, and Wang Yi urged Hungary to provide support in light of the situation.
Hungary holds significant importance to China as its largest trading partner outside of the EU and the biggest investor in China. Furthermore, Hungary is the first European country to participate in President Xi Jinping’s core initiative, the One Belt One Road policy, aimed at connecting China, Central Asia, and Europe through the land and sea Silk Road.
During the phone call, Minister Wang pointed out, “The EU’s investigation into China’s electric vehicle subsidies disregards the fundamental principles of international trade and could potentially disrupt the global auto industry chain and supply chain. China is committed to pursuing sustainable development.” He emphasized the importance of China and Europe as partners and urged Hungary to support positive and open cooperation, practice genuine multilateralism, and ensure the healthy and stable development of China-Europe relations.
EU Commission President Ursula von der Leyen formalized the anti-subsidy investigation in her annual policy speech on the 13th, citing concerns that low-cost electric vehicles receiving subsidies from the Chinese government were causing significant market distortions.
China vehemently opposes the investigation, arguing that it hinders the development of the country’s electric vehicle sector. Minister Wang Yi has been actively reaching out to European leaders for support. In a recent phone call with French President Emmanuel Macron, Minister Wang emphasized the importance of free trade and sought French backing for EU measures. Additionally, Chinese Deputy Premier Heifeng met with the executive vice-chairman and chief economic officer of the European Commission, Valdis Dombrovskis, during their visit to Beijing on the 26th. Minister Wang expressed his concerns during the meeting.
The EU’s measures target the Chinese car industry, which has attracted foreign investment through various tax benefits and substantial subsidies. Consequently, China’s strong opposition to these measures is expected to persist.
In response, Minister Szijjarto stated, “Hungary firmly opposes any decoupling with China and hopes for closer cooperation between China and Europe. We do not support EU measures that undermine fair competition and cooperation.” He firmly reiterated Hungary’s stance against the investigation.
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Sent on September 28, 2023, at 10:04
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Foreign Minister Wang Yi requests fire support in a phone call with the Hungarian Foreign Minister
Overview of the headquarters of BYD, a leading Chinese electric vehicle company
[왕이신문 캡처. 재판매 및 DB 금지]
(Beijing = Yonhap News) Reporter Jong-gu Han = China’s diplomatic chief expressed strong dissatisfaction with the European Union’s (EU) anti-subsidy investigation into Chinese electric vehicles, calling it “a violation of international trade rules.”
According to the Chinese Ministry of Foreign Affairs on the 28th, Wang Yi, a member of the Communist Party’s Central Political Bureau and Minister of Foreign Affairs, criticized the EU’s plan to investigate electric vehicle subsidies in a phone call with Hungarian Foreign Minister Peter Szijjarto the previous day and he asked Hungary to provide assistance.
For Hungary, China is the largest trading partner outside the European Union (EU) and the largest investor in China, and for China, Hungary participates in President Xi Jinping’s core One Belt policy One Road (land and sea Silk Road connecting China, Central Asia, and Europe) It is the first European country to do so.
Director Wang said in a phone call, “The EU’s investigation into China’s electric vehicle subsidies violates the basic rules of international trade and has the potential to disrupt the global auto industry chain and supply chain.” , We will walk the path of sustainable development, “he said.
“China and Europe are not enemies, but partners,” he said. “Hungary will help Europe adopt a positive and open policy of cooperation with China, practice true multilateralism together with China, and ensure the healthy and stable development of China-Europe relations. ” “I hope you’ll keep trying,” he emphasized.
EU Commission President Ursula von der Leyen formalized the anti-subsidy investigation in her annual policy speech on the 13th, saying that low-cost electric vehicles receiving subsidies from the Chinese government were distorting the market seriously.
China strongly opposes this measure, saying it is a measure that limits the development of electric vehicles in the country.
In a recent phone call with French President Emmanuel Bonn, Foreign Affairs Adviser, Minister Wang Yi emphasized free trade and asked for French support for EU measures Deputy Premier Heifeng also visited Beijing on the 26th, and Chief Economic Officer visited and EU Trade Valdis Dombrovskis Beijing on the 26. He met the executive vice-chairman and expressed his discomfort.
The EU measures are aimed at the Chinese car industry itself, which has been attracting foreign investment through various tax benefits and massive subsidies, so China’s backlash is expected to continue for now.
In response, Minister Szyarto said, “Hungary strongly opposes decoupling with China and hopes for close cooperation between China and Europe,” adding, “We do not support the EU taking measures that are not favorable to competition and fair cooperation.” “No,” he replied.
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