China urges EU dialogue to resolve trade barriers, improve relations

Quick Summary:

The EU argues that these subsidies provide Chinese companies with an unfair competitive advantage, prompting a series of regulatory measures.

Olof Gill, the EU trade spokesperson, further clarified that the FSR aims to ensure fair competition by addressing distortions caused by subsidies from non-EU governments.

The probe, initiated by Brussels last year, was designed to determine if Chinese government subsidies were distorting competition in the European market.

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Article Details

Category: BusinessFinance

Markets: IndiaBulgariaChinaGreenlandPanama

Topics: China EU trade relations China EU trade dispute World news Foreign subsidies regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 13:24:55 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 531 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25101287

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