China has accused the European Union of protectionism and distortion of subsidy definitions in response to a new EU investigation into Chinese wind turbine makers. The investigation, initiated by the EU, aims to determine if Chinese subsidies provide unfair advantages to wind turbine companies in Spain, Greece, France, Romania, and Bulgaria.
The EU's move is part of a series of investigations against Chinese companies under a new EU regulation. The Chinese government has criticized these actions as protectionist and harmful to fair competition.
Chinese business groups in Europe have labeled the investigations as economic coercion that undermines the EU's commitment to reducing greenhouse gas emissions. The China Chamber of Commerce to the EU expressed concerns about discrimination against Chinese enterprises and the promotion of protectionism.
EU Commissioner for Competition, Margrethe Vestager, defended the investigations, stating that the EU is utilizing available tools to ensure fair competition. She emphasized the need for a systemic approach to address these issues promptly.
China views the investigations as targeting its companies and undermining confidence in investing and trading in Europe. The Chinese government believes these actions could impact global efforts to combat climate change.
In addition to wind turbines, the EU has also launched investigations into Chinese solar panel makers and electric vehicle subsidies. These actions have raised concerns about the impact on global trade and competition.
Various stakeholders, including industry representatives and government officials, have highlighted the challenges posed by Chinese exports and the need for a balanced approach to trade relations. The German Chamber of Commerce in East China called for a level playing field to address unfair trade practices.
As trade tensions persist between China and the EU, the issue of fair competition and market access remains a key concern for both parties. The outcome of these investigations could have significant implications for future trade relations and cooperation on climate change initiatives.
