Energy Insider: China to Prioritize Tackling Excessive Competition in 2026
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Industry ministry targets ‘excessive’ competition in 2026
Minister of Industry and Information Technology Li Lecheng said that the comprehensive rectification of “excessive” competition will be a priority for 2026, the opening year of China’s 15th Five-Year Plan. Speaking at a meeting on Dec. 7, Li called for further deepening reforms, upholding lawful governance, strengthening industry self-discipline and enforcing regulatory responsibilities to address difficulties facing businesses. He also stressed the need to balance development and security by mitigating risks, ensuring the safety of key industrial and supply chains, and bolstering capabilities in networks, data and artificial intelligence to gain strategic initiative.
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- China’s industry ministry will prioritize tackling “excessive” competition in 2026, focusing on reforms, risk mitigation, and tech capabilities.
- The EU is reviewing Volkswagen Anhui's proposal regarding anti-subsidy tariffs; it currently faces a 20.7% tariff, with Tesla China at 7.8% and SAIC at 35.3%.
- Offshore projects contributed nearly 80% of China’s crude output growth; CNOOC reported 68 million tons of annual production and marine economy growth of 5.9% in 2024.
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Who’s Who
- Volkswagen (Anhui) Automotive Co. Ltd.
- Volkswagen (Anhui) Automotive Co. Ltd. is a Chinese subsidiary of Volkswagen AG. It faces a 20.7% tariff on its EV exports to the EU. The European Commission is reviewing its proposal to replace these countervailing duties, aiming to lower the tariffs.
- Volkswagen AG
- Volkswagen AG's Chinese subsidiary, Volkswagen (Anhui)Automotive Co. Ltd., is currently subject to a 20.7% antisubsidy tariff on its electric vehicle exports to the EU. The European Commission is reviewing a price undertaking proposal submitted by Volkswagen Anhui to potentially replace these duties, which were imposed on China-made EVs starting October 30, 2024.
- Tesla China
- Tesla China faces the lowest additional tariff rate of 7.8% on its electric vehicle (EV) exports to the EU. This is part of the five-year anti-subsidy tariffs imposed by the EU on China-made EVs since October 30, 2024.
- SAIC Motor Corp. Ltd.
- SAIC Motor Corp. Ltd. is mentioned in connection with the EU's imposition of anti-subsidy tariffs on China-made electric vehicles (EVs). SAIC Motor faces the highest additional tariff rate at 35.3% since October 30, 2024. This is part of a five-year tariff regime implemented by the bloc.
- China National Offshore Oil Corp.(CNOOC)
- The China National Offshore Oil Corp. (CNOOC) is a state-owned giant. This year, it reported that China's annual offshore crude oil production exceeded 68 million tons, contributing around 80% to the country's total incremental oil output. CNOOC also noted the early completion of a seven-year action plan to boost domestic reserves.
- CRSC (Zhengzhou)
- CRSC (Zhengzhou) was the contractor for the Xiaohan Avenue railway underpass construction in Sanmenxia, Henan province. The company announced on its website on December 7 about an incident where five workers died after a slope collapsed, but the notice was later deleted.
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What Happened When
- Oct. 30, 2024：
- The European Union began imposing five-year antisubsidy tariffs on China-made electric vehicles.
- Dec. 4, 2024：
- The European Commission disclosed it is reviewing a price undertaking proposal from Volkswagen (Anhui) Automotive Co. Ltd.
- Dec. 5, 2024：
- Fei Dongbin, former head of the National Railway Administration, was expelled from the Communist Party and removed from public office.
- Dec. 6, 2024：
- Five workers died in a slope collapse during construction of the Xiaohan Avenue railway underpass in Sanmenxia, Henan province.
- Dec. 7, 2024：
- Minister Li Lecheng spoke at a meeting about 2026 priorities and comprehensive rectification of 'excessive' competition.
- Dec. 7, 2024：
- CRSC (Zhengzhou) published and later deleted a notice about the underpass collapse.
- Dec. 7, 2024：
- CNOOC stated in a press release that China's marine economy grew 5.9% in 2024 and offshore crude oil production exceeded 68 million tons.
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