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China issued a stinging rebuke to the European Union Thursday in response to an investigation launched this week into alleged lucrative subsidies paid to Chinese electric vehicle makers throughout Europe.

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China condemns EU investigation into subsidies paid to EV makers across Europe

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"They Are Afraid Of Competition": China Responds To EU Investigation Into EV Subsidies  China has responded to the EU's plans to investigate EV subsidies, as we first wrote about earlier today.  Chinese state mouthpiece The Global Times published a rebuttal late on Wednesday, claiming that the EU's probe would likely "backfire" and that the EU's economy would suffer as a result.  The publication said that "...as the EU wields trade protectionist…

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"They Are Afraid Of Competition": China Responds To EU Investigation Into EV Subsidies

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China's Commerce Ministry issued a statement blasting the probe. The probe reportedly caught Beijing's leadership by surprise when it was announced. The investigation is expected to last no more than 13 months. The rift comes about four months after the United States and Europe signed agreements to decrease their collective dependency on Beijing.

China condemns EU investigation into subsidies paid to EV makers across Europe

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