China launches anti-dumping probe against EU wine

China has launched an anti-dumping and anti-subsidy probe against wine imported from the European Union (EU).

The move comes a day after the EU imposed anti-dumping levies on Chinese solar panel imports.

Dumping refers to a practice where firms sell goods below their fair value. The EU alleges that such practice by China's solar panel makers has hurt the region's manufacturers.

However, China said it "resolutely opposes" the "unfair" levies by the EU.

"The Chinese government and industry have shown great sincerity and made enormous efforts in resolving the issue via dialogues and consultations," Shen Danyang, a spokesman for China's commerce ministry said in a statement.

"We hope the European side will show further sincerity and flexibility and find a solution that is acceptable to both sides via consultations."

The commerce ministry gave no immediate details about the scope or timeline of its EU wine investigation.