china 4 IMF

The IMF estimates that a 15% increase in the share of Chinese cars in the EU market would reduce EU GDP only slightly, by 0.2-0.3%, while in the long run the impact would fall to zero. For the smaller economies of Central Europe, however, this trend implies a more significant impact. Protectionist tariffs would make the switch to EVs more expensive, but Chinese investment in local production could offset these losses. imf.org 🇬🇧