Goldwind Science&Technology Co., Ltd. (XJNGF)

EXPLAINER-China's dominance in wind turbine manufacturing

The European Union will investigate subsidies received by Chinese suppliers of wind turbines destined for Europe, the bloc's anti-trust commissioner, Margrethe Vestager, has said. Tuesday's move is the latest in a growing effort in both Europe and the United States to shield domestic clean energy industries from cheap Chinese imports, which authorities say benefit from anti-competitive state subsidies. Washington would not accept U.S. industry being "decimated" by China's excess industrial capacity in key products such as EVs, batteries and solar panels, U.S. Treasury Secretary Janet Yellen warned during a visit to China this week.