China Says 'highly Concerned' Over EU Probe Into Wind Turbine Suppliers
Mohammad Ali (@ChaudhryMAli88) Published April 10, 2024 | 01:20 PM
Beijing, (APP - UrduPoint / Pakistan Point News - 10th Apr, 2024) China said Wednesday it was "highly concerned" over a European Union probe into wind turbine suppliers, the latest move by Brussels targeting Beijing over green tech subsidies suspected of undermining fair competition.
"I think the outside world is concerned about the rising protectionist tendencies of the European Union, and China is highly concerned about the discriminatory measures taken by the European side against Chinese enterprises and even industries," foreign ministry spokeswoman Mao Ning said.
The EU is seeking to massively ramp up renewable energy as it aims for net-zero greenhouse gas emissions by 2050 while moving away from excessive reliance on cheaper Chinese technology.
The bloc's competition chief, Margrethe Vestager, announced the inquiry into Chinese wind turbine suppliers during a speech Tuesday at Princeton University in the US state of New Jersey.
"We are investigating the conditions for the development of wind parks in Spain, Greece, France, Romania and Bulgaria," she said.
The wind turbine probe follows earlier investigations targeting Chinese subsidies for solar panels, electric cars and trains, as trade tensions heat up with Beijing.
It was launched under new rules that came into force last year and seek to prevent foreign subsidies from undermining fair competition in the EU.
Chinese wind turbines are currently being offered in Europe at prices up to 50 percent lower than European-made ones, according to the WindEurope industry lobby.
China's Mao lashed out at EU "protectionism", telling journalists it "protects backwardness... and causes multiple losses".
"We urge the European side to abide by WTO rules and market principles, and China will firmly safeguard the legitimate rights and interests of Chinese enterprises," she said.
Related Topics
Recent Stories
Govt reduces petrol price by Rs5.45 per litre
Pakistan’s Ambassador to UAE meets Ruler of Ras Al Khaimah
Statement of Engro Corporation - LNG Case Decision
Wasim Akram touches fans’ hearts by new look
Empowering women for employment is the need of hour, says Sadaffe Abid
Global study reveals Pakistan’s inadequate measures against Tobacco Industry
Co-Working Center launched in Okara under PITB’s e-Earn program
BHC judges recommend legal action over agencies interference into judicial matte ..
Third Women T20I: Pakistan to face West Indies today
Mahira Khan delights at Arijit Singh’s concert in Dubai
Dubai Customs Celebrates World Intellectual Property Day, Honors Schools and Uni ..
Vivo Reveals Durefishan Saleem as Brand Ambassador for its Upcoming Y100 Smartph ..
More Stories From World
-
Tennis: ATP/WTA Madrid Open results - 3rd update
3 hours ago -
Amazon triples quarterly profit as cloud and ads grow
3 hours ago -
Football: UEFA Champions League result
3 hours ago -
Police use tear gas, rubber bullets in Georgia pro-EU protest crackdown
3 hours ago -
Changpeng Zhao, the 'normal guy' who conquered crypto
4 hours ago -
Blinken says first Jordan aid trucks leaving to Gaza through Erez crossing
5 hours ago
-
Mueller starts for Bayern, Tchouameni back for Real Madrid
5 hours ago -
UN rights chief 'troubled' by tough police action against pro-Palestinian protesters at US universit ..
5 hours ago -
Pakistan’s Ambassador to UAE meets Ruler of Ras Al Khaimah
5 hours ago -
Blinken demands 'no more delays' by Hamas on truce deal
6 hours ago -
Tennis: ATP/WTA Madrid Open results - 2nd update
6 hours ago -
US panel recommends women receive breast cancer screening from 40
6 hours ago