European companies will be excluded if the budget for procurement is above 45 million yuan ($6.28 million), according to a notice from the Finance Ministry. The move will not apply to European companies that have invested in China and that manufacture goods in the country
An employee works on a medical steriliser production line at a factory in Binzhou, in eastern China. FILE PIC/AFP
China said on Sunday that European medical device companies will be barred from selling to the Chinese government as a countermeasure for the European Union’s restrictions on the sale of similar products from China.
European companies will be excluded if the budget for procurement is above 45 million yuan ($6.28 million), according to a notice from the Finance Ministry. The move will not apply to European companies that have invested in China and that manufacture goods in the country.
China on Friday imposed anti-dumping duties on European brandy, most notably cognac produced in France. While the duties on brandy include several exceptions for major brandy producers, China and the EU have multiple trade disputes across a range of industries.
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