_chinese-wind-turbine-subsidies-draw-eu-scrutiny-sparks-debate-on-global-competitiveness.jpg "Chinese Wind Turbine Subsidies Draw EU Scrutiny, Sparks Debate on Global Competitiveness from global news montreal quebec Video Screenshot Preview")
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⏲ Duration: 0:43
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✓ Published: 12-Apr-2024
👁 View: 350K times
✓ Published: 12-Apr-2024
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The European Commission plans to investigate subsidies offered for wind turbines in China and their impact on wind parks in several European countries. China has strongly opposed this probe and a separate EU report alleging “significant state-induced distortions in the economy” in China's economy, saying it damages investment confidence and industrial cooperation. China is the world's largest producer and exporter of wind turbines, helping meet global clean energy demand, but faces overcapacity domestically.
The European Commission plans to investigate subsidies offered for wind turbines in China and their impact on wind parks in several European countries. China has strongly opposed this probe and a separate EU report alleging “significant state-induced distortions in the economy” in China's economy, saying it damages investment confidence and industrial cooperation. China is the world's largest producer and exporter of wind turbines, helping meet global clean energy demand, but faces overcapacity domestically.
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