China’s auto sector resists US Inflation Reduction Act – CGTN

TL/DR –

The China auto sector has publicly opposed measures proposed in the U.S. Inflation Reduction Act. The sector argues that the proposed measures will negatively impact global supply chain stability. Furthermore, it believes the measures will hinder progress towards global economic recovery.

China’s Auto Industry Against US Inflation Reduction Measures

The automotive sector in China has expressed opposition to the measures proposed under the U.S. Inflation Reduction Act. This news highlights the ongoing trade tensions and economic impacts between the two largest global economies.

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