Abstract: Recently, the China Finance 40 Forum and the China Center for International Economic Exchanges jointly organized the sixth Bund Summit, during which a closed-door seminar was held on New Energy Vehicle Industry: The Global Impact of the Chinese Market.
Some international experts note that the rapid development of China’s new energy vehicles is based on its complete and strong industrial production capacity, which is a reality that other countries must acknowledge.
Some international experts believe that most of the overseas markets for China's new energy vehicles have high trade barriers. Meanwhile, China's continued large-scale export of new energy vehicles to countries with mature automobile industries may cause a huge political backlash.
The United States (U.S.) and India have the highest barriers, and it is almost impossible for China’s automobile companies to set up production plants there due to factors such as high tariffs. Besides, the European Union (EU) is almost certain to continue to impose tariffs on China’s new energy vehicles for five years after the conclusion of the anti-subsidies investigation.
The meeting has also concluded that subsidies in the new energy sector to compensate for market failures are necessary, and at the same time, discriminatory, inefficient, and non-transparent industrial policies should be avoided.
International experts suggest that China look into trade management measures such as moderately controlling the export of some products and boosting local employment and technology levels when setting up factories overseas to ease trade tensions. Countries should also promote the establishment of global guidelines for industrial policy.
