CHINA yesterday formally launched an investigation into whether the European Union is subsidizing and dumping wine in the Chinese market, the latest move in a series of trade disputes.
The Chinese government had initially targeted the European wines favored by its growing middle class hours after the European Commission, the EU’s executive body, levied in June punitive tariffs on Chinese solar panels.
The EU accuses Chinese manufacturers of dumping billions of euros worth of panels at below-production cost, and has warned the duties would rise further unless a negotiated solution was reached by early August.
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Shanghai Daily.com via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/WKBoLXNoL_U/
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