In another blow to Australia's wine export sector, China has confirmed it is launching an investigation into alleged subsidies.
Key points: The announcement comes after China launched a separate probe into dumping allegations Trade Minister Simon Birmingham says Australia refutes China's allegations China is Australia's most valuable export market for wine China's Commerce Ministry says Australian bottled wine in containers of 2 litres or less will face a one-year countervailing-duties investigation. It comes a fortnight after China's Government launched a separate anti-dumping investigation that caused the share price of Australia's largest wine exporter, Treasury Wine Estates, to plunge. Read more: https://www.abc.net.au/news/2020-08-31/china-launches-anti-subsidy-investigation-into-australian-wine/12612896
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