EU Investigates Goldwind Over Subsidies

The European Union has launched an investigation into Chinese clean energy giant Goldwind over concerns it unfairly benefited from state subsidies, which allegedly distort the EU's internal market. The International===European Commission, the EU's competition regulator, announced the probe, stating a preliminary investigation found Goldwind may have received foreign subsidies. China's foreign ministry, through spokesman Lin Jian, accused the European Union of discriminatory and protectionist measures, warning that the probe would negatively affect the confidence of Chinese companies in investing in Europe. Beijing has pledged to protect its companies and urged Brussels to correct its practices. Goldwind, a major wind turbine supplier, has been expanding its overseas operations, bringing it into competition with Western firms. The outcome of the investigation could lead to remedies proposed by Goldwind or redressive measures imposed by the International===European Commission.