China has initiated an investigation into the European Union's trade practices regarding Chinese companies bidding on projects within the EU. The investigation, announced by the Chinese Commerce Ministry, will focus on sectors such as wind power, photovoltaics, security equipment, and electric trains.
The EU has been scrutinizing Chinese companies participating in projects across its member states, citing concerns over unfair advantages due to Chinese subsidies. This includes probes into wind turbine companies in Spain, Greece, France, Romania, and Bulgaria. China has criticized the EU for what it perceives as protectionism and a misinterpretation of subsidy definitions.
Specific projects under investigation include a 455-megawatt solar park in Romania and the procurement of 20 electric trains in Bulgaria. The Chinese investigation is set to conclude by January 10, with a possible extension to April if needed. The inquiry was initiated at the request of China's Chamber of Commerce for Import and Export of Machinery and Electronic Products.
Recent trade tensions have escalated, with the EU imposing provisional tariffs on Chinese electric vehicles, alleging unfair subsidies benefiting Chinese automakers. In response, China has launched its own investigation into European pork exports. Both the EU and the United States are concerned about the influx of low-cost Chinese automobiles potentially impacting domestic producers and leading to job losses. Chinese auto exports have surged by approximately 30% in the first half of this year.
