The European Union is set to warn that the integration of the bloc’s single market is slowing down at the same time it’s facing stiffening pressure from major global economies including the US and China,
China Blasts EU’s Foreign Subsidies Law
· 1d · on MSN
China Blasts EU’s Foreign Subsidies Law as Unfair Trade Barrier
China pressures EU for talks to resolve 'unfair' trade barriers
Beijing has accused the European Union of imposing unfair "trade and investment barriers", but has refrained from immediate retaliation as the two sides continue talks to resolve the dispute. China's Commerce Ministry announced on Thursday that it had concluded the EU's recent investigations into Chinese enterprises under its Foreign Subsidies Regulation were "unfair and non-transparent".
· 1d · on MSN
What is the state of trade relations between EU and China?
China faced record 160 trade investigations in 2024, with developing nations leading the pushback over overcapacity concerns; India, EU, and Brazil top the list of initiators
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.
China's exports probably expanded at a faster pace in December, suggesting producers raced to move inventory to major markets ahead of U.S. President-elect Donald Trump's return to the White House this month and fresh trade risks.
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.
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.
At COP29, China announced that it has voluntarily provided 177 billion yuan ($24.25 billion) in project funding since 2016 to support developing countries in tackling climate change. By being transparent about its voluntary efforts, China demonstrated an openness that brought countries closer to common ground on the new finance goal.
The European Union Chamber of Commerce in China warned that the trend could accelerate deglobalisation and reduce global economic growth. #EuropeNews
The UK sticks out diplomatically and economically by refusing to impose extra tariffs on Chinese car companies. In return, Britain is hoping to boost exports of financial services in the coming years.
Latest report from EU Chamber of Commerce in China also flags increased costs and market barriers that are ‘stripping away global competitiveness’.
EU monitoring cases amid soaring infections across China - Cases of the flu-like virus have spiked across northern Chinese provinces this winter
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