Better trade ties in NEV sector boosting exports

Sustainable growth of cooperation positive for novel, green paradigm

China's recent efforts to bolster domestic automakers' global expansion and improve their risk management capabilities will reinforce the country's exports of new energy vehicles, contributing to the world's sustainable growth, said market watchers and business leaders on Wednesday.

The comment came after the Ministry of Commerce and eight other government branches, including the National Development and Reform Commission and the General Administration of Customs, jointly issued a guideline to support NEV trade cooperation in early December, further sustaining the growth of this fast-growing industry.

In addition to promoting standard internationalization and mutual recognition of qualifications, as well as fully leveraging the effectiveness of various free trade agreements, the Chinese government will encourage domestic automakers to conduct research and development cooperation activities in foreign countries, and strengthen cooperation with global companies to reach win-win results.