Xinhua News Reports: Chinese Car Industry Strongly Resists Measures Under US Inflation Reduction Act

TL/DR –

China’s automobile industry strongly opposes measures under the U.S. Inflation Reduction Act. The industry sees the act as a way for the U.S. to restrict foreign competitiveness and protect its domestic market. The article did not provide specific details about the measures in the act or why they are seen as restrictive.

Chinese Auto Industry Opposes Measures of U.S. Inflation Reduction Act

The automobile industry in China has expressed strong opposition to certain measures outlined in the U.S. Inflation Reduction Act. This news was revealed in a report by Xinhua News.

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