China Steps Up Criticism of EU With Second Ministry Rebuke
China’s commerce ministry pushed back against the EU’s use of its Foreign Subsidies Regulation, the second objection from Beijing in two days after the justice ministry said related cross-border probes constituted “improper extraterritorial jurisdiction.”
The ministry said Brussels has increased the frequency and scope of investigations targeting Chinese firms and escalated cases, including the one focused on security device maker Nuctech Co., according to a statement on Saturday. The EU is requiring Chinese banks to cooperate and requesting extensive data unrelated to the probes, affecting companies’ normal operations in Europe, the ministry added in the statement.