Europe launches subsidies probe into Chinese wind turbine suppliers
Tue April 9, 2024LondonCNN —The European Union has launched an investigation into China’s state support for its wind turbine companies, intensifying a push to protect Europe’s industry from a flood of cheap Chinese imports.
Margrethe Vestager, the EU’s competition chief, said Tuesday that the probe would look into the development of wind farms in Spain, Greece, France, Romania and Bulgaria.
The move provides further evidence of tensions between China, the world’s biggest manufacturer, and its major trading partners resulting from the oversupply of Chinese goods in key industries around the world. The country’s global trade surplus in goods has soared in recent years and is now approaching $1 trillion...
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