(Source: "First Financial Daily" 2024-04-11)
According to the website of the Ministry of Commerce, on April 10, 2024, the main person in charge of the w88 Remedy Bureau of the Ministry of Commerce met with Martin Lucas, Director of the w88 Defense Department of the European Commission, in Brussels. They immediately made serious representations on issues such as the EU's launch of a subsidy investigation against Chinese wind turbine suppliers and the re-release of a report on "serious distortions" in the Chinese economy.
China pointed out that on April 9, w88 online casino announced an investigation into China’s wind turbine suppliers in five EU countries based on the Foreign Subsidies Regulation (FSR). This is the fourth investigation case launched by w88 online casino against Chinese companies using the FSR in the past two months.
China believes that the FSR investigations initiated by w88 online casino so far have all targeted Chinese new energy-related enterprises, with obvious targets. They have not only severely damaged the confidence of Chinese enterprises in investing and trading in Europe, but also interfered with mutually beneficial industrial cooperation between China and Europe. They will also affect global efforts to address climate change and the process of green transformation. During the investigation process, the European side wantonly distorted the definition of subsidies, and the procedural standards were not open and transparent. This is a protectionist behavior that harms a fair competitive environment in the name of fair competition. China expresses strong dissatisfaction and firm opposition to this, and urges w88 online casino to immediately stop and correct its wrong practices.
Zhao Yongsheng, director of the French Economic Research Center at the w88 casino and researcher at the Institute of Global Innovation and GovernanceIn an interview with a reporter from China Business News, it is currently obvious that in the new economic fields involving new energy, digital economy and even artificial intelligence, w88 online casino has adopted a defensive approach. Therefore, we can see that various bills and drafts are emerging one after another. However, the implementation of the bills is more complicated in practice. Therefore, w88 online casino currently adopts a simpler method at the same time, which is to conduct double-counterfeiting investigations and fines, that is, to use double-counterfeiting investigations as tools.
Chinese wind power companies are targeted
w88 online casino’s anti-subsidy investigation has long been targeting Chinese wind power companies.
In November last year, there were reports that the European Commission announced plans to strengthen the competitiveness of the wind power industry, which included a review of China's subsidies for its wind power industry.
At that time, Chinese Ministry of Commerce spokesperson Shu Jueting responded at a regular press conference that both China and w88 online casino were committed to promoting green transformation and addressing climate change. In recent years, wind power products produced by Chinese companies have played an important role in w88 online casino's accelerating green transformation and achieving energy conservation and emission reduction. Deepening cooperation between enterprises from both sides in the field of wind power will be conducive to achieving mutual benefit and win-win results, improving people's well-being, and jointly addressing climate change.
She said that China has always advocated the reasonable and prudent use of w88 remedy measures and firmly opposed the abuse of protectionist measures. We will pay close attention to the EU's follow-up actions.
On the 9th local time, Margrethe Vestager, w88 online casino Commissioner for Market Competition, said: "Today, we will launch a new investigation into Chinese wind turbine suppliers." She also said that w88 online casino is investigating the development conditions of wind power plants in Spain, Greece, France, Romania and Bulgaria.
“We cannot allow what happened to solar panels to happen again in the world of electric cars, wind power or critical chips,” she said.
In this regard, on April 10, Chinese Foreign Ministry spokesperson Mao Ning stated at a regular press conference that the outside world is concerned about the rising tendency of protectionism in w88 online casino. China is highly concerned about the discriminatory measures taken by the European Union against Chinese companies and even industries. The development of China's new energy-related industries is a reflection of multiple advantages in technology, market, and industrial chain. The export of related products has made important contributions to the global response to inflation and climate change.
She expressed the hope that the European side would not harm its efforts to combat climate change while singing a high-key tone about combating climate change. Protectionism cannot solve its own problems. Protectionism protects backwardness, loses the future, and results in multiple losses. We urge w88 online casino to abide by WTO rules and market principles. China will firmly safeguard the legitimate rights and interests of Chinese enterprises.
According to European data, most of the wind turbines installed in w88 online casino are produced in w88 online casino, with products from Germany's Siemens accounting for an important share. But Chinese manufacturers have grown rapidly in recent years and will account for about two-thirds of the global market by 2022. When it comes to solar panels, Chinese manufacturers account for more than 90% of w88 online casino market.
In the past 2 months, the European side has used FSR to launch 4 investigations against Chinese companies
China pointed out this time that this is the fourth investigation case launched by the European side against Chinese companies using FSR in the past two months.
In February this year, the European Commission began an anti-subsidy investigation against a Chinese railway company (CRRC), and last week announced an investigation into two Chinese-backed solar panel companies.
w88 online casino-China Chamber of Commerce in Brussels issued a statement saying: "This means that in less than two months, w88 online casino announced the launch of four investigations under the FSR, all targeting Chinese companies. We are very dissatisfied with w88 online casino's non-transparent way of interfering with the normal business and development activities of Chinese-funded companies in Europe."
The China Chamber of Commerce in the EU emphasizes that it should be noted that these investigations are targeting green and clean energy-related industries, intentionally suppressing the results achieved by Chinese-funded enterprises through years of investment in R&D and hard work, resulting in seriously unfair market competition. We reiterate that the EU continues to use the FSR as an economic and w88 tool to attack Chinese companies, which is an act of economic coercion and sends a wrong signal of discrimination against Chinese companies and protectionism to the world.
The EU-China Chamber of Commerce explained that the European Commission enjoys excessive discretion in the FSR. As far as we know, the European side has expanded the concept of "foreign financial assistance" in the FSR investigation and considered many elements that do not constitute subsidies to be subsidies. It also requires companies to provide a large amount of materials in a short period of time, many of which involve w88 secrets. Many practices seriously affect the defense rights of Chinese companies and harm the interests of Chinese companies. We are firmly opposed to this.
w88 online casino-China Chamber of Commerce said that while w88 online casino turned a deaf ear to the United States and its own huge subsidies for emerging green industries, it also built obstacles and market barriers for Chinese companies in the green field. This approach not only violates the rules of fair competition in the market, but also goes against w88 online casino's commitment to strengthening international cooperation in global emission reduction and low-carbon fields.
“The field of green transformation is entering a critical stage of development. We urge the European side to correct its wrong practices, return to the track of dialogue and cooperation, and provide a fair, just and non-discriminatory business environment to Chinese companies in Europe.” the chamber of commerce said.
Sun Lei, senior partner of Beijing Dacheng Law Firm, explained in an interview with China Business News that if FSR is used for investigation, it will mainly focus on China’s investment in w88 online casino and participation in government procurement projects.
However, Sun Lei believes that if w88 online casino conducts investigations based on the FSR, the negative impact on itself will be more direct. "If w88 online casino blocks the export of Chinese products to it, they can still produce on their own and increase employment, but if w88 online casino blocks Chinese investment, they themselves will not have that much money to invest." Sun Lei believes, "w88 online casino likes to invest, and refusing to invest is a double-edged sword for w88 online casino. If Chinese companies are not allowed to participate in government procurement projects, this may mean that the original purchase of 100 yuan needs to be completed with 200 yuan."
Zhao Yongshengalso explained to China Business News that the purpose of the current investigation used by w88 online casino is to prevent China from participating in large-scale project bidding activities organized by w88 online casino or its member states. This directly led to a Chinese railway company voluntarily withdrawing from the bidding activity for the Bulgarian electric train project. The relevant investigation was also concluded this month.
“The formal implementation of the bill was too troublesome, and there was no reason for the fines. In the end, we chose to use investigations to make Chinese companies have concerns when investing in Europe in the above fields.”Zhao Yongshengsaid that taking the above-mentioned Bulgarian electric train project as an example, it is reported that the Chinese quotation is about 46.7 percentage points cheaper than the estimated cost of the Bulgarian Railway Company, and is nearly 47.5% lower than the Spanish bidder Talgo Company's quotation. However, the quotation shows that it can still be profitable, but w88 online casino cannot understand this and believes that there are subsidies.
Zhao Yongshengsaid that in his view, the fundamental problem is that the current EU capital, labor, production factors, organizational methods and even logistics operations are in urgent need of innovation, but w88 online casino itself has not yet realized that the problem lies with itself.
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