China and Europe agree to cut Chinese hybrid vehicle exports by half

Europe's trade chief Maroš Sefčovič and China's Commerce Minister Wang Wentao held two days of talks in Beijing, resulting in an agreement to reduce Chinese hybrid vehicle exports to Europe by half. Sefčovič described the discussions as a positive first step.

Key facts

• Europe and China reached an agreement to cut Chinese hybrid vehicle exports by half.
• The agreement followed two days of talks in Beijing.
• The talks involved Europe's trade chief Maroš Sefčovič and China's Commerce Minister Wang Wentao.

CNBC

Source: CNBC World News — Read original story