Less than 24 hours after the EU said it would impose punitive tariffs on Chinese solar panels that Brussels believes are being dumped on the European market, Beijing hit back where it hurts: French wines.
China’s commerce ministry said it would launch an investigation of European wine imports after complaints from domestic producers that the stunning rise in Chinese consumption of Bordeaux, Chianti and Champagne was due to illegal subsidies back home.
Coming so quickly on the heels on new 11.8 per cent duties on Chinese solar panels – which will rise to an average of 47.6 per cent in just two months – many Europeans had a different view of Beijing’s motives.
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