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GDToday: (Zhao Yongsheng) EU countervailing investigation against Chinese companies: Justice or prejudice?

Published: July 29, 2024 Editor: Yuqing

(Source: GDToday 2024-07-03)

“I am really shocked by the EU’s investigation method of raiding Chinese companies, and I think there may be third-party forces involved.” Recently,Zhao Yongsheng, researcher at the National Institute for Opening-up at the w88 casino and doctoral supervisor at the Sorbonne University in ParisSaid in an interview with GDToday.

In April this year, the European Commission conducted a "surprise inspection" on security equipment manufacturer Nuctech. The Commission suspected that the Chinese company had excessively benefited from state subsidies.

In fact, this is the fifth subsidy investigation since 2024. All of these investigations are targeting Chinese-funded companies in Europe, mostly from the clean energy industry. The basis for these investigations comes from the "Foreign Subsidy Regulations" introduced by the European Union last year.

What exactly is this regulation? Why is the EU so persistent in conducting these anti-subsidy investigations against Chinese companies? Are there political motives? Are affordable Chinese electric cars really distorting the European market? After the start of this tariff war, what will be the direction of China-EU w88? Click to watch this video to find out the truth.


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