China’s Ministry of Commerce has sharply criticized the European Union’s threat of punitive tariffs on electric cars from the People’s Republic and has hinted at countermeasures. Beijing will closely monitor the European side’s 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 EU’s behaviour and Chinese industry is disappointed, he said. The European Commission has threatened high provisional punitive tariffs on e-cars from Ch…