China has taken a drastic step: This could have a huge impact on the whole of Europe

The review drew a rebuke from China's Ministry of Commerce, which responded by saying it was "strongly opposed and concerned" by the findings and vowed to take all necessary measures to protect Chinese companies. An anti-subsidy probe into dairy products announced by China's commerce ministry on Wednesday, the latest in a series of EU agricultural probes this year, will focus on various types of cheese, milk and cream intended for human consumption, Reuters reports. According to the ministry, the reason for the investigation was a complaint submitted by the China Dairy Association on July 29. China will examine 20 subsidy schemes from the 27-member bloc, paying particular attention to products from Austria, Belgium, Croatia, the Czech Republic, Finland, Italy, Ireland and Romania. According to Olof Gill, the spokesperson of the European Commission, the bloc will firmly protect the interests of the EU dairy industry and the common agricultural policy and will intervene as necessary ...