Hey folks, here’s your quick global trade update! The European Commission recently set a limit by excluding Chinese companies from bidding on major public tenders for medical devices (over €5M). A spokesperson from the Ministry of Commerce in Beijing said this move is a protectionist measure that hurts Chinese enterprises and disrupts fair competition. 😮
This decision comes at a significant time, as it coincides with the 50th anniversary of diplomatic relations between China and the EU. Despite decades of dialogue and cooperation, the EU’s unilateral action has raised concerns over a level playing field. The spokesperson underlined that China is ready for continued dialogue and consultation to address trade frictions and stabilize business confidence.
For our tech-savvy and globally connected readers in South and Southeast Asia, this news is a reminder of how international trade dynamics can impact innovation and market opportunities. A fair market environment is key to driving future tech trends and offering more opportunities for everyone! 🚀
Reference(s):
China voices opposition to EU's limits on medical device procurement
cgtn.com
