EU asks China to voluntarily limit hybrid car exports

Financial Times: “If they will not limit their exports to our market then we will,” said an EU official. “This is about stopping deindustrialisation. We have to act. It’s about managed trade.”

Brussels is seeking a commitment from Beijing to restrict sales of China-made hybrid vehicles to about 15 per cent of the EU market compared with more than a third today, the people said…

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