The EU is to pursue more subsidy investigations against foreign companies investing in the bloc as it steps up efforts to combat what it sees as unfair competition, its antitrust chief has said.
Although not specifically aimed at China, the EU’s foreign subsidies regulation, which came into force in 2023, has been used to target many Chinese companies amid growing concern that oversupply by the world’s largest manufacturer is jeopardising European industry.
Asked whether there would be more such probes under the regulation, Teresa Ribera, EU executive vice-president for a clean, just and competitive transition, said: “Of course.”
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