China may levy punitive toll on European wines

China launched the investigation a day after the EU imposed anti-dumping levies on Chinese solar panel imports.

Dumping refers to firms selling goods below their fair value, which the EU alleges China's solar panel makers have done, undermining local manufacturers.

China said it “resolutely opposes” the “unfair” levies by the EU.

Hungarian wine export to China is significant. In 2011 Hungary exported wines to China in a value of 1.9 million euros. According to estimates export sales increased by 15-20 percent last year. (Trebitsch Péter, MTI)