Chinese Ministry of Commerce spokesperson He Yadong at a regular press conference Photo: Yin Yeping/GT

In response to a media inquiry about the current progress on the China-EU agreement to immediately launch negotiations on an electric vehicle price undertaking and the investment cooperation in the auto industry, the Ministry of Commerce spokesperson He Yadong said on Thursday that following the April 8 video meeting between Minister Wang Wentao and executive vice president of the European Commission Valdis Dombrovskis, Chinese and EU technical teams have maintained close communication on issues related to the EV price undertaking, as well as trade and investment cooperation, while intensifying efforts to advance the consultation process. 

He noted during Thursday's press briefing that China stands ready to work with the EU to properly address economic and trade frictions through dialogue and consultation, deepen practical bilateral cooperation, and inject greater certainty and positive energy into the Chinese, European, and global economies.

Global Times