China has called out the European Union (EU) for imposing new restrictions that block Chinese companies from bidding on major medical device contracts worth over €5 million. The move, announced by the EU this week, has sparked a fiery response from Beijing, with officials labeling it “protectionist” and a threat to fair trade. 🔥
What’s the EU’s Move?
The European Commission’s decision effectively bars Chinese firms from participating in large-scale public procurement of medical equipment like MRI machines or surgical tools. Critics say this could slow innovation and drive up costs for European healthcare systems. 💸
Why Does China Oppose This?
A spokesperson for China’s Ministry of Commerce argued the EU’s unilateral action ignores years of bilateral dialogue and “seriously undermines fair competition.” China has vowed to take measures to protect its companies’ rights, hinting at potential retaliatory steps. 🛡️
Diplomatic Tensions Amid Anniversary Year
2024 marks 50 years of China-EU diplomatic ties, but this clash highlights ongoing trade frictions. Beijing urged Brussels to “correct its wrong actions” and stabilize business confidence. Will this escalate into a full-blown trade war? The world is watching. 👀
