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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
A file photo of China's Ministry of Commerce in Beijing, China. /CFP
China's Ministry of Commerce (MOFCOM) on Wednesday launched a trade and investment barrier investigation into the relevant practices adopted by the European Union (EU) in its foreign subsidy investigations, the ministry said in a statement.
The investigation was initiated at the request of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, whose qualifications and request documents have been verified, according to MOFCOM.
Under its foreign subsidies regulation, the EU has conducted preliminary, in-depth and raid investigations into Chinese companies involved in sectors such as locomotives, photovoltaics, wind power and security check equipment. The EU's practices in such investigations will be examined, said MOFCOM.
The ministry said its investigation will involve surveys, hearings and on-site activities in order to gather information from all stakeholders.
While the investigation is set to conclude by January 10, 2025, it could be extended to April 10 under special circumstances, according to the ministry.