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在线翻译:
szdaily -> Business_Markets
EU probes China subsidies for electric bikes
    2017-December-22  08:53    Shenzhen Daily

THE European Commission launched an investigation Thursday into whether Chinese exporters of electronic bicycles (e-bikes) benefited from excessive State subsidies, increasing trade tensions between European Union and China.

The anti-subsidy case supplements an existing inquiry into alleged dumping by Chinese producers of e-bikes in Europe and is the latest in a string of European Union investigations into and measures on Chinese exports ranging from solar panels to steel.

The European Bicycle Manufacturing Association (EBMA) lodged a complaint in November, saying that subsidies came in a wide range of forms, including preferential loans from State-owned banks, grants, export credits, tax breaks and the provision of land and raw materials at excessively low prices.

The association says that more than 430,000 Chinese e-bikes were sold in the EU in 2016, up 40 percent on the previous year, and forecasts the figure will rise to 800,0000 in 2017.

Europeans buy some 20 million bicycles per year, of which about 10 percent are now e-bikes, with the potential to rise to a quarter within five years.

European companies pioneered the pedal-assist technology that e-bikes use and invested 1 billion euros last year, the EBMA said, but risk losing out to Chinese rivals whose share of the EU market has risen to about 33 percent with prices sometimes half those of European makers.

Wang Hejun, head of China’s Ministry of Commerce trade remedy and investigation bureau, told Xinhua in October that the EU’s investigation on Chinese electric bikes is incompatible with consumer interests and the EU’s efforts to combat climate change.

Bicycles provide a green means of commuting and are popular among a number of consumers, including those in Europe and China, said Wang.

As both sides have similar standpoints and objectives in combating climate change, China hopes the EU will use caution when launching the trade remedy investigation and push forward green technology cooperation between industries, Xinhua quoted Wang as saying.

“China asks the EU to comply with WTO rules and end anti-dumping measures on Chinese bicycles, and not to let the e-bike probe become a new case of trade protection,” he said. (SD-Agencies)

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