EU's trade investigation of China hits the electric bicycle market
Recently, the EU has opened up a new front in trade disputes with China and started an investigation into whether or not Chinese electric bicycle exporters receive illegal subsidies. The European Commission this week said it will study whether China's electric bicycle makers receive state financial backing - a ban on global trade rules that could lead to tariffs being imposed. In addition, the EU is still investigating whether China's electric bicycles are dumped at low prices. In response, Moreno Fioravanti, Secretary-General of the European Bicycle Manufacturers Association, said: "Unless we stop China from dumping electric bicycles, they will quickly control most of the EU market, undermine our investment, innovation and competitiveness, as well as substantial employment and environmental protection. "Fioravanti also blames Chinese dumping and subsidies for the plight of MIFA, the German maker of bicycle and electric bicycles that filed for bankruptcy this year. In fact, according to the relevant data, imports accounted for 458 million euros in the 1.85 billion euros e-bike market in the EU, of which imports from China were 264 million euros. However, those who support China's position in Europe said that the import of low-cost electric bicycles in Europe is conducive to environmental protection and will benefit consumers more than the relatively few jobs the e-bike manufacturing industry will provide. So far, China Bicycle Association has not commented on the matter.