Brussels has launched an in-depth investigation into whether China provided unfair subsidies to Goldwind, the world’s largest turbine manufacturer, for its activities in the production and sale of wind turbines in the EU.
The foreign subsidy regulation allows Brussels to block companies subsidised by foreign governments from public procurement, mergers and acquisitions, and even selling goods and services into the single market.
Although not specifically aimed at China, the EU rule, which came into force in 2023, has been used to target many Chinese companies amid growing concern that oversupply by the China-based manufacturer is jeopardising European industry.
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