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"EU Launches Probe into Chinese Wind Turbine Subsidies, Prompting China's Protest"

The EU is launching an investigation into subsidies received by Chinese suppliers of wind turbines for projects in Spain, Greece, France, Romania, and Bulgaria, in an effort to protect domestic firms from cheap clean tech products. This move comes amid increasing competition from Chinese companies in the global wind turbine market, and follows similar tensions in Europe's solar market. The investigation is part of the EU's efforts to counter state aid from foreign actors and ensure fair and open competition in the market.

1 year ago•Source: Reuters

China's Commerce Minister Promotes EV Innovation and Economic Ties in Europe

businesstrade

2.425 min•1 year ago

China's Commerce Minister Promotes EV Innovation and Economic Ties in Europe

China's commerce minister, Wang Wentao, began his Europe trip by meeting with top Chinese automakers BYD and CATL to discuss the ongoing EU probe into whether China's EV industry has benefited from unfair subsidies. Wang reiterated China's stance that its EV firms do not rely on subsidies for a competitive advantage and stated that accusations of "overcapacity" were groundless. The discussions also focused on the EU investigation, which aims to determine whether to impose tariffs on Chinese exports to protect European car makers, with the investigation due to conclude by November.

via Reuters

0.55 min•2 years ago

"China's Anti-Dumping Probe into EU Brandy Intensifies Trade Tensions"

via Financial Times

Featured Businesstrade Stories

"EU Launches Probe into Chinese Wind Turbine Subsidies, Prompting China's Protest"

China's Commerce Minister Promotes EV Innovation and Economic Ties in Europe

"China's Anti-Dumping Probe into EU Brandy Intensifies Trade Tensions"

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