Latest report from EU Chamber of Commerce in China also flags increased costs and market barriers that are ‘stripping away global competitiveness’.

China's Ministry of Commerce (MOFCOM) announced on Thursday that it has determined that the practices adopted by the EU in its investigations of Chinese enterprises based on the Foreign Subsidies Regulation (FSR) and its implementing rules constituted trade and investment barriers.

An increasing number of examples indicate that the key to the EU's green transition lies not in imposing trade barriers, but rather in effectively expanding the green consumption market. Only by fostering a robust market for sustainable products and services can the EU support environmental goals and enhance economic growth by creating new markets and job opportunities in the green sector.

China has concluded that the European Union's practices in investigating Chinese companies under the bloc's Foreign Subsidies Regulation (FSR) and related rules amount to trade and investment barriers, said the Ministry of Commerce in an online statement on Thursday.

Peter Magyar, the opposition challenger to Prime Minister Viktor Orban, told Reuters he would keep Hungary firmly anchored in the European Union and NATO if he wins elections due in early 2026 and would strive for "pragmatic relations" with Russia.

China's auto exports are estimated to slow notably this year after holding the export crown for a second year in 2024, with no growth predicted for electric vehicle exports, an auto association official said on Thursday.

So far, China has used carbon intensity — the amount of carbon dioxide emitted per unit of GDP — as its official target. It announced the metric in 2009, at the height of its economic growth, after facing pressur e to set a quantitative goal to curb its emissions. Its argument was that it was a target that wouldn’t constrain China’s growth.

China said the European Union’s measures to shield its companies from foreign subsidies are a barrier to trade and investment, marking the latest clash in the ongoing trade dispute between the two sides.

Yet Trump's imminent reentry into the White House could leave Britain in the middle of two behemoths if the incoming U.S. president makes good on his pledge to impose punitive trade tariffs on China. Soames, however, believes the U.K. should take advantage of this position.

In the same spirit, China has been putting emphasis on best administrative practices for centuries, as part of its special cultural values. By focusing on the notions of justice and culture of integrity and moral responsibility, China can coordinate with the EU, especially Greece (my motherland), in the fight against corruption.

The European Union Chamber of Commerce in China warned that the trend could accelerate deglobalisation and reduce global economic growth. #EuropeNews