China Accuses EU of Discriminatory Trade Barriers Following Subsidy Probe
Beijing's investigation claims the EU's Foreign Subsidies Regulation unfairly targets Chinese firms, causing significant economic losses.
- China's Commerce Ministry concluded a six-month investigation into the EU's Foreign Subsidies Regulation, alleging discriminatory practices against Chinese companies.
- The probe found that the EU's measures, including vague criteria and selective enforcement, caused Chinese firms to abandon or curtail projects worth over 15 billion yuan (approximately $2.05 billion).
- Beijing criticized surprise inspections and subjective rulings on market distortion, claiming they placed an undue burden on Chinese companies and lacked procedural transparency.
- The investigation highlighted that the measures harmed trade and investment between China and the EU, reducing the competitiveness of Chinese products in the European market.
- The EU's actions are part of broader tensions over China's state support for renewables and electric vehicles, with both sides imposing retaliatory tariffs in recent months.