HONG KONG -- China said Wednesday that it has launched an anti-subsidy investigation into dairy imports from the European Union, just after the EU took another step forward in its own probe of low-priced electric vehicles subsidized by Beijing.
The European Commission on Tuesday had published a draft decision updating its EV tariffs, which China swiftly slammed as "practicing unfair competition." Beijing reiterated its vow to take all necessary steps to defend the "legitimate rights and interests" of its companies.
