Hey there! 👋 Have you ever heard of brandy? It’s a type of drink made from grapes, kind of like how grape juice is made into wine, and then wine is turned into brandy!
So, here’s what’s happening: China is looking into how brandy from Europe is being sold in their country. They started this investigation back in January, and now they’ve decided to keep it going until April 2025! That’s a long time! 🕒
Why are they doing this? Well, China wants to make sure that the brandy coming from Europe isn’t being sold at super low prices that could hurt the people who make brandy in China. Selling things at really low prices to beat out competition is called ‘dumping‘.
Since October 11, China has asked companies importing European brandy to pay extra fees when bringing it into the country. This is to make things fair for everyone.
It’s like if your friend was selling lemonade for 50 cents, and someone else came and sold it for 5 cents. Your friend might not be able to sell any lemonade! So, rules like these help keep things fair.
Stay tuned to see what happens next! 😊
Reference(s):
cgtn.com
