China commerce ministry says disappointed at European probe into e-bike exporters

General Discussion about electric bicycles.
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markz
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China commerce ministry says disappointed at European probe into e-bike exporters

Post by markz » Dec 28, 2017 6:36 pm

https://ca.news.yahoo.com/china-commerc ... 36850.html
BEIJING (Reuters) - China's commerce ministry said it is disappointed at the European Commission's decision to launch a probe into Chinese exporters of electronic bicycles, adding that Europe misunderstands the Chinese market.

The European Commission launched an investigation on Dec. 21 into whether Chinese exporters of e-bikes benefited from excessive state subsidies, the latest in a string of European probes into Chinese exports ranging from solar panels to steel.

China's e-bike market is fully market-based, said ministry spokesman Gao Feng at a regular briefing in Beijing on Thursday.

The European Bicycle Manufacturing Association wants the European Commission to impose duties on Chinese e-bikes.

"China hopes the European Union will respect World Trade Organization rules," Gao said.

Europeans buy some 20 million bicycles per year, of which about 10 percent are now e-bikes, with the potential to rise to a quarter of sales within five years.

Chinese producers, including Battle-Fushida, Aima and Tianjin Golden Wheel, sold e-bikes worth some 307 million euros in the EU in the year to Sept. 30.

(Reporting by Elias Glenn; Writing by Ryan Woo; Editing by Editing by Michael Perry)
2M ebikes per year in the EU, quite the market. Just need to find the North American numbers.
Can assume Canada is 1/10th, so 10k ebikes.

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Dauntless
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Re: China commerce ministry says disappointed at European probe into e-bike exporters

Post by Dauntless » Dec 28, 2017 7:44 pm

Doesn't understand the Chinese economy is about China doing as they please.

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