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China retaliates against EU with a ban on European medical devices
- China has barred European Union companies without operations in China from major government medical device contracts.
- The restriction does not apply to EU-funded companies operating in China or non-EU companies that allocate less than half of the contract value to importing EU medical devices.
- China also announced duties on brandy originating in the EU, largely believed to be a response to Europe's tariffs on Chinese electric vehicles.
134 Articles
134 Articles
The real message of China sanctions
On the surface, Beijing’s sanctions on former senator Francis Tolentino appear to be just petty retaliation for old slights. That it comes on the heels of Tolentino’s defeat in the May midterm elections hints at a bit of schadenfreude, as well—as though China was twisting the knife on one of its fiercest critics in Manila. […]...Keep on reading: The real message of China sanctions
EU-China tensions escalate over medical device trade restrictions
The tit-for-tat trade dispute between the European Union and China over medical devices shows no sign of resolution, as Beijing has announced new retaliatory measures in response to the EU’s recent procurement restrictions.
On Sunday, 6 July, China declared that it would exclude European companies from major public procurement in the medical equipment sector. In June, the European Commission had taken comparable measures against Chinese companies.
China reacts to EU restrictions and restricts the import of medical technology from Europe. The impact is already felt on the stock market. Analysts point out: Chinese manufacturers only benefit from Beijing's measure in the short term.
China Responds to EU Ban on Medical Devices With Import Restrictions of Its Own
China unveiled new restrictions on July 6 that further limits European medical device companies’ access to its market, as a retaliatory tactic amid the trade tensions with the 27-nation bloc. Government procurement contracts valued at over 45 million yuan ($6.3 million) will exclude companies based in the European Union, according to an online notice from the Chinese communist regime’s Ministry of Finance. The ban will not apply to European comp…
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