China Blasts EU’s Foreign Subsidies Law
Latest report from EU Chamber of Commerce in China also flags increased costs and market barriers that are ‘stripping away global competitiveness’.
An increasing number of examples indicate that the key to the EU's green transition lies not in imposing trade barriers, but rather in effectively expanding the green consumption market. Only by fostering a robust market for sustainable products and services can the EU support environmental goals and enhance economic growth by creating new markets and job opportunities in the green sector.
China's Ministry of Commerce (MOFCOM) announced on Thursday that it has determined that the practices adopted by the EU in its investigations of Chinese enterprises based on the Foreign Subsidies Regulation (FSR) and its implementing rules constituted trade and investment barriers.
In the same spirit, China has been putting emphasis on best administrative practices for centuries, as part of its special cultural values. By focusing on the notions of justice and culture of integrity and moral responsibility, China can coordinate with the EU, especially Greece (my motherland), in the fight against corruption.
Peter Magyar, the opposition challenger to Prime Minister Viktor Orban, told Reuters he would keep Hungary firmly anchored in the European Union and NATO if he wins elections due in early 2026 and would strive for "pragmatic relations" with Russia.
So far, China has used carbon intensity — the amount of carbon dioxide emitted per unit of GDP — as its official target. It announced the metric in 2009, at the height of its economic growth, after facing pressur e to set a quantitative goal to curb its emissions. Its argument was that it was a target that wouldn’t constrain China’s growth.
China said the European Union’s measures to shield its companies from foreign subsidies are a barrier to trade and investment, marking the latest clash in the ongoing trade dispute between the two sides.
The European Union Chamber of Commerce in China warned that the trend could accelerate deglobalisation and reduce global economic growth. #EuropeNews
EU monitoring cases amid soaring infections across China - Cases of the flu-like virus have spiked across northern Chinese provinces this winter
China said the European Union’s measures to shield its companies from foreign subsidies are a barrier to trade and investment, marking the latest clash in the ongoing trade dispute between the two sides.
The European Union is to appeal to the World Trade Organisation over anti-dumping tarrifs imposed by China on the bloc's brandy exports. The extra taxes are seen as retaliation for EU tariffs on Chinese electric vehicles. DW's Jack Parrock reports from Brussels.