Hey, amigos! There's some serious trade drama going down between China and the EU! The China Chamber of Commerce to the European Union (CCCEU) just threw shade at the EU for using its new Foreign Subsidies Regulation (FSR) as what they call a tool of \"economic coercion.\"
So, what's the tea? ☕️ The European Commission kicked off two deep-dive investigations into Chinese solar companies bidding on a Romanian solar park project. That's right—three out of three of the EU's FSR investigations are zooming in on Chinese enterprises!
The CCCEU isn't having it. They say the FSR's definitions are super vague and broad, which could totally mess things up for foreign companies trying to do business in the EU. They're claiming it might create unfair hurdles and make the playing field anything but level for Chinese businesses.
\"Come on, EU! Let's keep it fair and transparent,\" the CCCEU urges. They're pushing for fewer barriers and more open doors when it comes to investment and business operations in Europe. After all, the CCCEU represents over 1,000 Chinese companies hustling across the EU. 🤝
They wrapped it up by saying it's crucial for the EU to create a market that's fair and chill for Chinese enterprises. Sounds like they're all about that win-win vibe!
Stay tuned, folks—this could get interesting! 🌍✨
Reference(s):
cgtn.com
