EU Initiates Investigation into Chinese Wind Turbine Subsidies, Citing Economic Distortions
China strongly opposes the new EU probe, labeling it as protectionist and a threat to global green energy efforts.
- The European Commission has launched an investigation into subsidies for Chinese wind turbine manufacturers, suspecting unfair competition in EU markets.
- China accuses the EU of protectionism and distorting the definition of subsidies, potentially harming bilateral trade relations.
- Beijing warns that the EU's actions could undermine global efforts to combat climate change and affect the green transformation process.
- Chinese officials argue the investigations damage the trust of Chinese companies in European markets and could lead to retaliatory measures.
- Analysts suggest China might redirect exports through third countries to circumvent EU regulations, maintaining trade flows.