Last week, the European Commission announced that it had opened an in-depth Foreign Subsidies Regulation (FSR) investigation to assess the proposed acquisition by JD.com, Inc. of German firm CECONOMY AG.

Last week, Beijing issued a notice officially characterizing the cross-border aspects of the European Union's investigation in its Foreign Subsidies Regulation (FSR) probe into Nuctech as an "unjust extraterritorial application of foreign law" and strictly prohibiting compliance with the European Commission's requests.

At the meeting of the WTO's Subsidies and Countervailing Measures Committee last week, governments discussed overcapacity, a level playing field, transnational subsidies, and China's "First Set of Key Technology Equipment" program.

China has submitted comments on the EU's proposed Industrial Accelerator Act, accusing Brussels of "double standards" and "discriminatory" policies that potentially violate several WTO obligations.

The European Commission announced today that following an investigation into distortive foreign subsidies, Chinese state-owned rolling stock manufacturer CRRC is no longer part of a railway bid in Portugal.

At a meeting of the European Parliament's International Trade Committee today, the Committee engaged with the authors of a study on industrial overcapacity that looked at China's practices and possible EU responses.

Beijing is moving to overhaul how local governments issue financial support, announcing a new “negative-list” approach to curb improper subsidies and eliminate internal trade barriers.