Current location:business >>
EU's probe into Chinese wind turbines suggests trade protectionism, economic coercion: CCCEU
business1553People have gathered around
IntroductionThe China Chamber of Commerce to the EU (CCCEU) on Tuesday expressed profound dissatisfaction with t ...
The China Chamber of Commerce to the EU (CCCEU) on Tuesday expressed profound dissatisfaction with the European Union's subsidy investigation into Chinese wind turbine suppliers. The chamber reiterated that the EU's latest intervention "forges an act of economic coercion".
The probe was announced by the European Commission (EC) on Wednesday, alleging that Chinese suppliers gained an "unfair advantage" in the European market from government subsidies. It is the fourth investigation case under the EU's Foreign Subsidies Regulation (FSR) targeting Chinese companies in less than two months.
The chamber accused the EU of using FSR as a new tool of economic coercion against Chinese enterprises, urging the European side to establish a fair, impartial, and non-discriminatory business environment for Chinese businesses.
Moreover, the European probes targeting China's green renewable energy sectors "results in significantly unfair market competition" for Chinese companies, sending a negative signal that clearly suggests discrimination and protectionism, the chamber noted.
The latest investigation covers conditions for the development of wind farms in Spain, Greece, France, Romania, and Bulgaria, according to Margrethe Vestager, the EU's anti-trust commissioner during a speech delivered at Princeton University in the US, without naming the Chinese companies, according to Reuters.
As the green transition enters a pivotal stage, the Chinese chamber urged the European side to reassess its approach, recommit to dialogue and cooperation, and endeavor to establish a fair, impartial, and non-discriminatory business environment towards Chinese firms.
The EU has promulgated a number of new rules since the end of last year over what it called to shield European firms from cheap renewable energy products, particularly made by Chinese firms, casting a cloud over the economic cooperation between the two giant economies, observers noted.
The EU side's continuous deployment of the FSR against Chinese enterprises shows the bloc's trade protectionism and lack of transparency, the chamber said.
On March 26, Chinese company CRRC, the world's biggest producer of rolling stock, withdrew from a public train tender in Bulgaria worth 610 million euros ($661 million) after the EU launched a probe under FSR, according to media reports.
As another example of the bloc's rising protectionism, the EC mandated its customs register Chinese-imported electric cars for nine months, starting March 7, as an implementation of its anti-subsidy investigation into the imports of battery electric vehicles (EVs) from China.
Earlier, China's Ministry of Commerce slammed the EU probe, urging the EU side to strictly abide by WTO rules, and prudently use restrictive trade tools in order to jointly "safeguard the overall situation of China-EU economic and trade cooperation."
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“International Iterations news portal”。http://www.videocameralive.com/news-61b399854.html
Related articles
Syrian, Russian forces destroy 'terrorist' strongholds in N. Syria
businessSyrian and Russian forces on Saturday launched a series of joint attacks on "terrorist" si ...
【business】
Read moreMike Trout leading majors in home runs, but is looking for more consistency at the plate
businessANAHEIM, Calif. (AP) — Mike Trout is the first player in the major leagues this season to reach 10 h ...
【business】
Read moreDebates to play a major role in Pennsylvania's 2024 US Senate election
businessHARRISBURG, Pa. (AP) — Democratic U.S. Sen. Bob Casey of Pennsylvania on Thursday proposed a series ...
【business】
Read more
Popular articles
- Messi to Miami: Soccer star, and a few teammates, show up for Heat
- Ruins of ancient Taoist temple found in north China
- The federal government plans to restore grizzly bears to the North Cascades region of Washington
- Meet the members of a transitional council tasked with choosing new leaders for beleaguered Haiti
- Autistic schoolgirl, 16, took her own life at £44,000
- Charged in election interference cases, some are still in politics
Latest articles
China's archaeological site parks register strong revenue growth
Chiefs trade up with Bills to select WR Xavier Worthy at No. 28 in NFL draft
Miami Dolphins bolster pass rush, taking Chop Robinson of Penn State with 21st pick of NFL draft
Debates to play a major role in Pennsylvania's 2024 US Senate election
Two more people sentenced for carjacking and kidnapping an FBI employee in South Dakota
No 10 hits back at Emmanuel Macron's jibe that the Rwanda scheme is a 'betrayal' of European values
LINKS
- Xi congratulates Zardari on Pakistan presidency win
- China story is of benefiting the world, Wang Yi says
- SOEs crucial to China's economic growth
- Legislators eye growth boost
- Xi congratulates Putin on reelection as Russian president
- Ministry: U.S. practice disrupts normal business activities
- Foreign Ministry helped thousands of overseas Chinese, Wang says
- Xi congratulates Putin on reelection
- Foreign Ministry gets new spokesman
- Expanding common ground underpins regional stability