WASHINGTON, May 17. /TASS/. The EU High Representative for Foreign Affairs and Security Policy, Josep Borrell, expressed concern that some sectors of the European economy are at risk due to competition with China. He said this in an interview with the magazine Foreign Policy.
According to him, “80% of all solar panels used in the EU are imported from China”, and the active development of the green energy industry in China has “destroyed“ the country. the relevant industry in the European Union. “Now the same thing is threatening the auto industry,”, he said.
The head of European diplomacy believes that China is exporting “distortions of its internal market” to third parties because it cannot handle the “excess capacity” and surplus of its products independently. Such measures threaten the economies of Western countries.
At the end of January, the Vice-President of the European Commission Valdis Dombrovskis said that the EU is extremely dissatisfied with the dynamic entry of Chinese electric vehicles into the European market and is ready to introduce anti-dumping regulations on them in the near future. In early May, Chinese President Xi Jinping said at a trilateral meeting in Paris with French President Emmanuel Macron and European Commission chief Ursula von der Leyen that there is no problem of excess production capacity in China. The Chinese leader stressed the need to properly resolve economic and trade differences through dialogue and consultation and taking into account the legitimate interests of others.