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الاقتصادية
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China Moves Back to Avoid Escalation in European Market
The article reveals that China has approved a plan by the European Union to impose a cap on hybrid vehicle imports, reducing them by more than half, in an effort to protect European industries from unfair Chinese competition. This move comes after years of cheap Chinese exports that have harmed European companies and caused them to lose market share, especially in the automotive sector. The step is seen as an opportunity to strengthen major European firms such as Volkswagen and Stellantis, as Europe shifts its focus toward gradually curbing Chinese imports, with an annual cap of 350,000 vehicles set to rise by 6% each year for three years. Europeans aim through these measures to safeguard jobs and economic stability amid a deteriorating trade deficit with China, which exceeds one billion dollars daily, and amidst potential retaliatory actions by Beijing that could impact other sectors.
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