China has expressed “grave concern” over raids carried out by European officials on a Chinese company that manufactures security equipment.
EU competition regulators on Tuesday raided offices of Chinese company Nuctech in the Netherlands and Poland as part of a probe into unfair state subsidies.
“The Chinese side believes that the EU’s unannounced inspections interferes with the order of fair competition in the market, clearly jeopardises the positive atmosphere of trade and economic cooperation between China and the EU, and strikes a strong shock to the confidence and sense of security of all foreign companies in the EU, including Chinese ones,” the mission said.
The EU should “abide by its commitment to open market and the principles of a level playing field, and stop using all kinds of excuses to unreasonably suppress and impede the Chinese companies,” the mission added, expressing hopes for cooperation and exchanges in an “open, fair and equitable way”.
It's sad to see the continued escalation. I don't think either China or the EU will gain anything if this escalates into a full-blown trade war but it increasingly looks like that is where things are headed
Beijing knows what it must do to avoid all this. DG Trade has told them over and over again. Level playing field, equal trade.
China is ready for economic war. Meanwhile, Europe is shrinking economically.
Perhaps the EU is finally realizing the manufacturing that China has been stealing from it. One of the stronger talking points of Trump here. We cannot continue to patronize a country whose government essentially owns all the factories and everything those factories make at the same time subsidizing the manufacturing, thereby artifically suppress its prices; or worse, use slave labor to make those items. Now add to the mix the implementation of AI powerd robotics, putting even their own masses out of work. If we can't bring the factories back here or to the EU, at least get the work done by those countries, like the Philippines or India, who aren't espousing to dominate and rule us but work with us harmoniously.
Good luck Xi in Paris in early May, convincing Macron to turn the tide.
First they use the DSA to fight freedom of opinion & the press, then they encroach on protected property by stealing Russian assets,and now they destroy the principle of entrepreneurial freedom. Can someone explain which "values" the EU still intends to defend from its "enemies"?
Let me get this straight. Brussels is acting against foreign actors as a matter of trade security but Georgia acting against Foreign political actors is brutal Russian style dictatorship?
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