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Officials, business leaders at Summer Davos advocate for free trade, oppose US-led barriers targeting Chinese EVs

Officials, business leaders at Summer Davos advocate for free trade, oppose US-led barriers targeting Chinese EVs
Officials and business leaders at this year's Summer Davos in Dalian in Northeast China's Liaoning Province have highlighted the importance of free and fair trade. They underscored the necessity of cooperation in the electric vehicle (EV) sector for green transformation, and voiced strong opposition to trade barriers.

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The 2024 Summer Davos in Dalian, Northeast China's Liaoning Province, has brought together officials and business leaders from around the world to discuss the importance of free and fair trade. The recent decision by the US and the EU to impose additional tariffs on Chinese-produced electric vehicles (EVs) has raised concerns about the potential setback to global efforts in fighting climate change and its disruption to global trade norms. The theme of the summit, "Next Frontiers for Growth," is gathering leading figures from nearly 80 countries and regions to explore new drivers and pathways for global economic growth. Participants at the event have voiced strong opposition to trade barriers and emphasized the necessity of cooperation in the EV sector for green transformation. Chinese EV output is expected to exceed 10 million vehicles this year, and participants have praised Chinese EVs for their cost-effectiveness and complete supply chain. The Indonesian Minister of Tourism and Creative Economy has also offered high praise for Chinese EVs and emphasized the benefits of cooperation over closing off trade. Overall, the event has highlighted the importance of global cooperation and free trade for the development of the EV sector and the fight against climate change.

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