The European Union has issued an ultimatum to China: scale back production, or else sanctions will be imposed

The European Union has issued an ultimatum to China: scale back production, or else sanctions will be imposed

Ursula von der Leyen complained that European markets have been "flooded" with Chinese products such as electric cars and steel.

She urged Beijing to address the "issue of overproduction". Otherwise, the European Union will implement tough economic measures against Beijing.

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