China has expressed strong dissatisfaction and serious concern after the European Commission (EC) announced a fine of 550 million euros ($627 million) on AliExpress under the EU’s Digital Services Act (DSA) on Monday, a spokesperson of China’s Ministry of Commerce (MOFCOM) said on Wednesday. A Chinese analyst said that the #
EU’s# imposition of the “astronomical fine” on a Chinese company not only harms the legitimate rights and interests of the enterprise, but will also undermine consumer welfare, hinder free trade, and damage the ability of some European retailers and European products to export to #
China#. “This is in fact a lose-lose situation that harms others without benefiting oneself,” he added.