Beijing: electric car development is the result of innovation, not subsidies. Chinese Wang Wentao in a meeting on Sunday with some Chinese companies held in Paris, the first stop on a European tour.
American Treasury Secretary Janet Yellen is currently in China where she highlighted the growing global fears for the excess industrial capacity of the Dragon. The meeting was attended by representatives of more than ten companies, including Geely, BYD and Catl. The broader discussions of his European tour, which also includes Italy, will focus on the European Commission's investigation launched in recent months.