In a recent development, China has criticized the European Union’s (EU) investigation into Chinese electric vehicle (EV) manufacturers over state subsidies, warning that the probe could strain trade relations. What Happened: Xi Jinping‘s representative to the EU, Fu Cong, has labeled the EU’s investigation into Chinese EV manufacturers as “unfair,” Bloomberg reported. He cautioned that the EU’s actions could lead to further trade investigations into European products. Fu Cong highlighted the EU’s subsidies to its own companies and suggested that if China adopted a similar approach, it could tr…
