BEIJING, 27 July. - (ANA) - China said on Monday that the carbon border adjustment mechanism (CBAM), unveiled by the European Commission earlier this month, violates international trade rules and undermines global prosperity. 

 

"CBAM is essentially a unilateral measure to extend the climate change issue to the trade sector," a ministry of ecology and environment spokesman said. 

 

As the world's main manufacturer of steel and cement, China could face high border tariffs.  - (ANA) -

 

AB/ANA/27 July 2021 - - -