EU prepares to challenge China export credit-sources

European trade officials have requested industry data that could allow the European Union to challenge China over cheap credit to Chinese firms, according to EU officials and correspondence seen by Reuters.
The initiative, led by the EU executive, the Commission, and Europe's largest business group, BusinessEurope, highlights Europe's determination to face down what EU businesses and officials say is unfair competition from China that is costing European firms lost contracts around the world.

"EU authorities will need, from those ready to contribute, concrete evidence of cases where favourable Chinese export credits and guarantees seem to have led to a distortion of competition," said a Business Europe email dated Jan. 6 and obtained by Reuters. EU firms were asked to reply by Jan. 28.

For more: UPDATE 1-EU prepares to challenge China export credit-sources By Reuters