China hits back at EU with reciprocal ban on major medical equipment contracts ...Middle East

China’s finance ministry said in a statement that European Union companies, with the exception of “those with European capital established in China, will have to be excluded” from orders of more than 45 million yuan ($6.3 million).

However, deep frictions remain over economic ties, including a yawning trade deficit of $357.1 billion between China and the EU.

Beijing’s finance ministry also specified that the proportion of products from the EU could not exceed 50 percent in bids from non-European companies.

The European Commission said at the time the ban was a reaction to “China’s longstanding exclusion of EU-made medical devices from Chinese government contracts”.

“China has repeatedly expressed, through bilateral dialogue, its willingness to resolve these disputes appropriately through consultations, dialogue and bilateral arrangements in the field of public procurement,“ China’s commerce ministry said in a separate statement.

Over the last three years, Brussels and Beijing have come into conflict in a number of economic sectors, including electric cars, the rail industry, solar panels and wind turbines. – AFP

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