The European Commission has initiated an in-depth investigation into China's wind power equipment manufacturer, Goldwind Technology, under the Foreign Subsidies Regulation, to assess whether it has gained unfair competition in the European market due to subsidies from the Chinese government. Preliminary investigations show that Goldwind Technology may have received foreign subsidies that distort the EU internal market. Since the regulation came into effect in July 2023, it has been repeatedly used to review Chinese companies, covering areas such as railway equipment, solar energy, and security equipment. Sources said that as the EU intensifies its efforts to combat what it considers distorted market practices, this tool will be more widely applied to Chinese companies this year. The above measures are seen as the latest signal of Brussels' tougher stance on industrial policy and Sino-EU economic and trade relations.
Image source: network
Original: toutiao.com/article/1856176449786955/
Statement: The article represents the personal views of the author.