China’s Commerce Ministry has announced it will launch an investigation into whether unfair trade practices were adopted by the European Union in its probe of Chinese companies.
FILE - A member of European Commission, left, prepares to exchange documents with Chinese delegation at a signing ceremony after the 5th China-EU High Level Economic and Trade dialogue at Diaoyutai State Guest House in Beijing, on Sept. 28, 2015. Chinas Commerce Ministry announced Wednesday, July 10, 2024 it will launch an investigation into whether unfair trade practices were adopted by the European Union in its probe of Chinese companies.
It said the investigation will focus on wind power, photovoltaics, security equipment and others and will be completed before next Jan. 10, with a possible extension of three months to April.The investigation was requested by China’s Chamber of Commerce for Import and Export of Machinery and Electronic Products.
The announcement is an apparent retaliation for recent probes by the EU of Chinese companies, launched earlier this year. These include a probe into whether Chinese subsidies give wind turbine companies an unfair advantage in the competition for projects in five EU member countries, Spain, Greece, France, Romania and Bulgaria.and “reckless distortion” of the definition of subsidies in response to a new EU investigation into Chinese wind turbine makers.
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