China blocks EU anti-subsidies probe of JD.com
China ordered entities not to comply with an EU probe of the e-commerce giant’s acquisition of a German electronics retailer.
China has blocked an EU investigation into JD.com's acquisition of a German electronics retailer, escalating tensions between the two powers. The Chinese government has ordered organizations and individuals not to comply with the EU probe, which scrutinizes firms receiving foreign subsidies. Beijing claims that the EU's request for documents "seriously undermines the international rule of law" and threatens retaliatory measures.
The dispute highlights the challenges Europe faces in protecting its firms from China's industrial policies, which Brussels has criticized for potentially causing job losses.
Brief written by urgent.news from Semafor's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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