China Retaliates Against EU on Medical-Device Procurement

China will apply some mutual pavements to the supply of medical devices for European Union -based companies and add tensions between the two major trade partners, as Beijing tries to establish ties while doing a trade war.

According to a statement made by the Ministry of Finance on Sunday, EU -based companies will be supplied for some medical devices if the EU -based companies are higher than 45 million Yuan. In a separate statement, the Ministry of Commerce said that the products made by companies financed by the EU are not affected by the sidewalks.

China’s move came after the EU’s plans for restricting the access of Chinese medical device manufacturers to access to more than 5 million public procurement contracts. According to an EU official who is familiar with plans, measures will limit Chinese companies to access about 60% of public expenditures in this field or to reach approximately € 150 billion. The block will not allow more than 50% of inputs from China for successful offers.

The European Commission said in a statement that China’s exports of medical devices to the EU have increased more than twice between 2015 and 2023.

Bloomberg aims to shorten a two -day summit with EU leaders this month in another sign of tension between Europe and Beijing, Bloomberg reported on Friday. China also exempt major cognac manufacturers who accepted the minimum price levels, while on Friday, the Anti-Damping tasks of Europe Brendi announced on Friday. The action followed the EU’s decision to fulfill 45% tasks in Chinese electric vehicles in 2024.

The European countries have complained that the Chinese government did not deal with the extreme capacity in sectors, including steel, unfair subsidies and market access to its economy.

This article was created from an automatic news agency feeding without changing the text.