The EU investigates Chinese company Goldwind Technology, alleging that it receives state subsidies affecting market competition
On February 3, the EU stated that it has launched an in-depth investigation into China's clean energy giant Goldwind Technology, citing the belief that the company benefits from Chinese state subsidies, which may harm market competition among the 27 EU member states.
According to AFP, this investigation is the latest measure taken by the EU against Chinese manufacturers.
The European Commission, the EU's competition authority, stated that the investigation is based on preliminary review findings indicating that this wind power equipment manufacturer "may have received foreign subsidies that distort domestic market competition," thereby "enhancing its competitive position."
The report noted that Goldwind Technology is one of the world's largest wind turbine suppliers. After securing a strong position in the domestic market, Goldwind Technology gradually expanded into overseas markets, competing with companies such as Denmark's Vestas and the United States' GE Vernova.
The report pointed out that the EU initiated a preliminary investigation into Goldwind Technology in 2024. The in-depth investigation announced on February 3 will focus on whether the company has received subsidy measures including grants, tax incentives, and financing advantages.
The EU stated that launching an in-depth investigation does not pre-judge the outcome.
It is reported that if the existence of competitive concerns is ultimately confirmed, the European Commission may accept remedial measures proposed by Goldwind Technology or impose remedial measures on it.
The China Chamber of Commerce in the EU expressed serious concerns and firm opposition to the EU's frequent use of the Foreign Subsidies Regulation (FSR) to investigate Chinese enterprises. Since the implementation of FSR, Chinese enterprises have become the main target. Frequent investigations by the EU have disrupted the normal business operations of our enterprises, creating uncertainty for their development in the EU market, and causing Chinese enterprises to suffer direct and indirect losses amounting to billions of euros. The use of FSR by the EU has had a negative impact on Chinese enterprises' investments in Europe and has limited their fair participation in EU public procurement.
The China Chamber of Commerce in the EU believes that Chinese enterprises have continuously played a key role in supporting the EU's green and digital transformation. We call on the EU to exercise restraint, implement relevant laws in a fair and transparent manner, and ensure a fair competitive environment through constructive dialogue, promoting innovation, investment, and sustainable growth, and providing Chinese enterprises in Europe with a fair, impartial, and non-discriminatory business environment.
Original: toutiao.com/article/1856160212256777/
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