China’s Foreign Ministry criticized the Trump administration’s trade investigation as a “pretext” for tariffs. Meanwhile, China is moving ahead with a five-year plan that may rankle trade partners.
china economy
China’s ride-hailing companies try to quell the smell in cars where some drivers sleep
China’s ride-hailing car drivers work long hours to get enough fares, and often live in their cars. Companies and passengers are penalizing drivers for smelly vehicles.
China reports 5.4% GDP growth in 1st quarter, but analysts say tariffs will bite soon
Growth was driven partly by strong industrial activity and exports, before President Trump’s punishing tariffs. Experts say these levies will hurt China’s growth this year.
Why the EU is investigating China’s wind turbines
Europe wants clean energy, but it’s struggling to compete with the low cost of China’s green technology. The E.U. just announced it’s investigating the subsidies received by Chinese wind turbine suppliers, which play a part in those low costs.
On today’s episode, we speak with Margrethe Vestager, the European Commissioner for Competition, about how the E.U. is trying to build and maintain a competitive green tech industry in the face of low-price Chinese imports. And we ask how the U.S.’s climate industrial policy fits into all this action.
Related Episodes:
The surprising leader in EVs (Apple / Spotify)
Industrial policy, the debate! (Apple / Spotify)
Why offshore wind is facing headwinds (Apple / Spotify)
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