The firmness of Ursula von der Leyen
Monday morning, Xi Jinping met Emmanuel Macron for the first time in the company of the President of the European Commission Ursula von der Leyen. She had already affirmed that Europe could “not accept” the “unfair trade” caused by the influx of electric vehicles or Chinese steel manufactured thanks to “massive subsidies”. Xi Jinping responded curtly that “the so-called problem of China’s overcapacity does not exist” and asserted that “China’s new energy industry” instead “enables global supply to increase and alleviate the pressure of global inflation. In recent months, the European Union has increased investigations into Chinese state subsidies to several industrial sectors, particularly electric vehicles. In Beijing, European measures are considered “protectionist”.