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Bulgaria: Chinese rail maker CRRC withdraws from public tender after EU launched probe into it over suspected state subsidies (www.barrons.com)

submitted 7 months ago by [email protected] to c/[email protected]

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Brussels had announced the probe on February 16, with EU internal market commissioner Thierry Breton at the time saying CRRC Qingdao Sifang Locomotive was thought to have relied on subsidies to "submit an unduly advantageous offer" to try to win the tender for electric trains in Bulgaria.

EU internal market commissioner Thierry Breton said that Europe's single market remained open "for firms that are truly competitive and play fair" but that Brussels will take "all necessary measures to preserve Europe's economic security and competitiveness".

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[–] [email protected] -4 points 7 months ago

Indeed. Seems like EU is dead set on joining the US economic war on China.