TL/DR –
The article discusses the opposition of China’s automobile industry to measures under the U.S. Inflation Reduction Act. The China Association of Automobile Manufacturers (CAAM) claims that it strongly disagrees with the measures, believing them to be discriminatory for Chinese firms. The association argues the act will harm the world trade order and the recovery of the global economy.
China’s Automobile Industry Opposes Measures in U.S. Inflation Reduction Act
As reported in this Xinhua news article, China’s automobile industry is vocally opposing certain measures within the U.S. Inflation Reduction Act. This stance is part of a broader pushback against policies perceived as detrimental to the interests of Chinese auto manufacturers and the industry as a whole.
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