U.S. Treasury Secretary meets with Chinese Vice Prime Minister and agrees to intensive discussions including overproduction of EVs.
China has expressed serious concerns about the economic and trade restriction measures taken by the United States against China. Fierce conflict continues between the two countries over issues such as EV subsidy policy and semiconductor export restrictions, and the focus will be on whether they can find concrete points of agreement in future talks. Meanwhile, according to China's state-run Xinhua News Agency, China has said that it has fully responded to the issue of production capacity.