China's Commerce Ministry announced that the European Union's investigations into Chinese firms constitute unfair trade and investment barriers, particularly targeting Beijing's renewables and electric vehicle sectors.
The ministry claims that the EU's Foreign Subsidies Regulation discriminates against Chinese companies through 'selective enforcement' leading to a significant competitive disadvantage.
Chinese officials argue that the EU's measures, such as surprise inspections and vague criteria for subsidy investigations, create 'great uncertainty' for companies and have resulted in losses exceeding 1.94 billion.
In its findings, China's Commerce Ministry criticized the EU's standards for being 'subjective and arbitrary,' suggesting that the investigative processes carried out are undermining fair competition.
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