China State Media Warns of Retaliation on EU Subsidy Probes.

China has warned that it will take retaliatory measures against the European Union (EU) if it continues its anti-subsidy investigations into Chinese companies. The EU has launched several probes into Chinese companies in sectors such as railways, solar, security, and electric vehicles. The Chinese Chamber of Commerce to the EU has stated that European wine and dairy products may be affected. The EU has expressed concerns about Chinese subsidized production, but member states are divided on the issue of tariffs, with some calling for a cautious approach. [Extracted from the article]