BRUSSELS — On paper, the EU sees China as a partner in the fight against climate change.
But the trade reality tells a different story.
As Beijing responds to weak domestic demand with heavy state subsidies, it’s a perfect recipe for overcapacity — from electric vehicles to solar panels — just as the European Union puts the green transition at the top of its policy agenda.
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On Tuesday, competition chief Margrethe Vestager will, under the EU’s new Foreign Subsidies Regulation, launch an investigation into China’s fast-growing and increasingly dominant wind turbine sector, as exclusively reported by POLITICO’s China Watcher.
