Original Report: www.globaltimes.cn(full story)
- Tariffs on China’s ‘new three’ products considered unjust and protective
- China’s exports in this sector demonstrate resilience and global acceptance
The imposition of tariffs on China’s “new three” products—electric vehicles, lithium batteries, and photovoltaic products—has been condemned as unfair, illegal, and an unreasonable form of protectionism, according to Lü Daliang, spokesperson for the General Administration of Customs (GAC).
Lü’s comments arose following a Bloomberg inquiry about tariffs from several countries, particularly Turkey’s additional taxes imposed in June on related Chinese goods. Despite facing both internal and external challenges, China’s trade figures for the first three quarters of 2024 showed an overall positive trend, with ‘new three’ items making substantial contributions to exports.
In total, exports of these items reached 757.83 billion yuan (approximately $107.03 billion), comprising 4.1% of the country’s overall export value. They were well-received by over 200 countries. The official noted that these products not only enhance global supply chains and mitigate inflationary pressures but also advance efforts against climate change and promote green transformation.
Lü urged countries imposing these tariffs to reconsider their actions, emphasizing that such measures undermine collective global goals for environmental sustainability. Senior research fellow Zhou Mi added that there remains a strong international demand for Chinese products, reflecting effective market dynamics where quality and cost-effectiveness are prioritized.
Wang Lingjun, deputy head of the GAC, highlighted that China is accelerating new quality productive forces, indicating a notable shift towards high-end, intelligent, and environmentally sustainable manufacturing. This is evident in the impressive growth rates for exports, such as a 73.9% increase in wind turbine exports and a 22% rise in electric vehicle shipments during the first three quarters.
