The China -European Union’s trade relations are entering a new phase of tension, as Beijing announced today that it will exclude, with some exceptions, the European companies from large public orders of medical equipment. The decision is retaliation for the restrictions imposed by Brussels on Chinese companies, intensifying the confrontation in a particularly sensitive area of ​​the market. “The participation of European Union companies (excluding European ownership companies located in China) should be excluded,” when the order exceeds 45 million yuan (5.3 million euros), “the Chinese Treasury said in a statement. China will also limit imports of medical devices from other countries if they contain accessories made in the EU when their value exceeds 50% of the value of the contract, the Treasury added. The measures are in force today. At the end of June, the European Commission decided to exclude Chinese companies from public orders for the purchase of medical equipment worth more than 5 […]
Source: News Beast
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