Beijing, May 8: The spokesperson for the Chinese Ministry of Commerce stated on May 7 that the European Union has, for the first time, designated China as a so-called “high-risk country” without any solid evidence. This designation has led to a halt in funding for projects utilizing Chinese inverters. The spokesperson described this action as stigmatizing China and engaging in unfair and discriminatory practices against Chinese products. China firmly rejects this designation and strongly opposes it.
The spokesperson further noted that the EU’s classification of China as a “high-risk country” would undermine mutual trust between China and the EU. It could damage bilateral economic and trade cooperation and harm the stability of supply chains between China and the EU, as well as globally. This situation raises the potential risk of “isolation and supply chain disruptions.”
The stringent measures taken by the EU to restrict Chinese products violate market rules and principles of fairness. Such actions will not only harm the interests of Chinese companies but will also adversely affect the EU, impacting its green transition and energy security.
China will closely monitor the implications of the EU’s policies on Chinese enterprises and the China-EU supply chain. It will carefully assess the situation and take measures to protect the legitimate rights and interests of Chinese businesses.
(Source: China Media Group, Beijing)
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