China’s Ministry of Commerce (MOFCOM) announced on Thursday that it has determined that the practices adopted by the EU in its investigation of Chinese enterprises based on the Foreign Subsidies Regulation (FSR) and its implementing measures constituted trade and investment barriers.
The ministry, following a request from the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, issued an announcement on July 10, 2024, deciding to initiate an investigation into the EU's practices in its investigation of Chinese companies under the FSR, in accordance with Chinese laws.
The MOFCOM said on Thursday that the investigation has been completed, and, based on the investigation's findings and relevant regulations, it has determined that the relevant practices of the EU are equal to placing trade and investment barriers on Chinese companies.
The main companies affected by the EU FSR investigation are manufacturers in sectors including railroad locomotives,solar photovoltaics, wind power, and security inspection equipment, according to the ministry announcement.
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