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Chinas Ministry of Commerce has sharply criticized the European Unions threat of punitive tariffs on electric cars from the Peoples Republic and has hinted at countermeasures. Beijing will closely monitor the European sides further process and resolutely take all necessary measures to protect the rights and interests of Chinese companies, a spokesman for the ministry announced on Wednesday. China is very concerned and dissatisfied with the EUs behaviour and Chinese industry is disappointed, he said. The European Commission has threatened high provisional punitive tariffs on e-cars from Ch