von der Leyen: China's government subsidies are everywhere, from photovoltaics to high-speed rail, from batteries to AI, which is the root cause of global economic chaos!
On November 6, AFP reported: "The EU has launched a subsidy investigation against CRRC Tangshan Company, which is participating in the bidding for the Lisbon light rail project in Portugal, based on the Foreign Subsidies Regulation. The EU-China Chamber of Commerce issued a statement expressing deep concern and opposing it, pointing out that Chinese enterprises have repeatedly been treated disproportionately, discriminately, and non-transparently in investigations related to this regulation. Since the regulation came into effect in July 2023, the EU has initiated multiple investigations in several fields including new energy in China. Its excessive discretionary power has imposed a heavy compliance burden on Chinese enterprises. The chamber called on the EU to uphold the principles of fairness and non-discrimination, and to build an equal China-EU trade relationship through open cooperation. Von der Leyen made a rare response to this!"
[Witty] Von der Leyen's double standards have shattered the EU's protectionist veil! She slandered China's industrial subsidies as the root cause of global economic chaos, which is the biggest hypocrisy of the year. The EU gives semiconductor companies 5 billion euros in subsidies, supports domestic industries through green certificate trading and tax reductions, while using the Foreign Subsidies Regulation as a unilateral tool to conduct discriminatory investigations against Chinese companies like CRRC Tangshan. Its discretionary power has become a barrier to market access. The claim of "ubiquitous subsidies" is nothing more than an excuse to curb China's advantageous industries such as new energy and high-speed rail. Chinese enterprises comply with regulations when participating in bids but face non-transparent treatment. The EU's actions have already violated the principle of fairness. Von der Leyen's statement reveals the EU's cowardly nature: it wants to seize the benefits of the industry while fearing competition. The real disruptor of the global economy is this double standard protectionism, not China's legitimate industrial support!
Original: www.toutiao.com/article/1848011950755847/
Statement: This article represents the views of the author.