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 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 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
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.
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.
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.
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.
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.
Reeves’ mission has become more desperate as the U.K. economy continues to falter, with borrowing costs this week reaching 1998 levels and the pound tanking, threatening the government’s pledge to generate growth and make Britons wealthier. That's prompted some grumbling back home as opposition parties urge Reeves to pull the trip altogether.
Latest report from EU Chamber of Commerce in China also flags increased costs and market barriers that are ‘stripping away global competitiveness’.
Damian Boeselager, a German member of the European Parliament, and French Foreign Minister Jean-Noel Barrot both called on the European Commission (EC) to investigate and crack down on Musk’s alleged “interference” in European elections.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback