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China accused the European Union of protectionism and “reckless distortion” of the definition of subsidies in response to that investigation. The EU has also investigated Chinese companies bidding for a 455-megawatt solar park in Romania and for the procurement of 20 electric trains in Bulgaria. read more
 "Now China probes EU’s subsidy investigations against its firms")
Wind turbines dot the coast line along a giant solar farm near Weifang in eastern China's Shandong province on March 22, 2024. - File Photo- AP
China announced an investigation on Wednesday into whether the European Union has engaged in unfair trade practices in its probes of Chinese companies bidding on projects within the 27-nation bloc. This move is believed to be the latest development in a growing trade war between the two economic giants.
According to the Chinese Commerce Ministry, the investigation will target sectors including wind power, photovoltaics, security equipment, and electric trains.
The EU has been using a new regulation to scrutinize companies bidding for projects within its borders. This includes investigating whether Chinese subsidies give wind turbine companies an unfair advantage in competing for projects in Spain, Greece, France, Romania, and Bulgaria.
China accused the European Union of protectionism and “reckless distortion” of the definition of subsidies in response to that investigation. The EU has also investigated Chinese companies bidding for a 455-megawatt solar park in Romania and for the procurement of 20 electric trains in Bulgaria.
The Chinese investigation will be completed before Jan. 10, with a possible extension of three months to April. It was requested by China’s Chamber of Commerce for Import and Export of Machinery and Electronic Products.
The EU imposed provisional tariffs on China-made electric vehicles last week over subsidies that it alleges give an unfair advantage to automakers exporting from China. In response, China has launched an investigation into European pork exports.
Both the EU and the United States are worried that inexpensive Chinese automobiles could overwhelm their domestic producers and lead to factory layoffs. Chinese auto exports have risen about 30% in the first six months of this year.
With inputs from agencies.
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English (US) ·