image credit: silicon Republic
The Chinese government announced Wednesday that it would explore whether EU investigations into Chinese enterprises are “trade barriers.”
Westerners worry that cheap Chinese imports subsidized by the government could destroy jobs and critical sectors. The EU investigated China’s governmental backing for wind turbine and solar panel suppliers earlier this year. After an eight-month investigation into Beijing’s support for electric car companies, it imposed duties on Chinese EV imports.
Today, China will explore whether the bloc’s probes breach the two sides’ commercial pact and affect its commerce with the 27 EU members.
According to its website, China’s Ministry of Commerce (MOFCOM) will investigate rail, photovoltaics, wind power, and security inspection equipment.
According to 2005 ministry rules, MOFCOM can negotiate with the EU, establish a multilateral dispute settlement mechanism, or take other “appropriate measures” if it considers the EU’s probes “trade barriers.”
The declaration comes days after the EU imposed interim extra levies on Chinese-made EV imports. If talks fail, tariffs will be finalized in November.
Beijing has vowed to take “all necessary moves” to protect its interests from EU tariffs. Last month, it began scrutinizing EU pork imports and European brandy.
Following a June request by a Chinese industry group, MOFCOM launched its current probe on Wednesday. The investigation should conclude by January 10, the statement stated.
The ministry may utilize questionnaires, hearings, and on-site checks, the statement said.
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