Source: China – South China Morning PostChina has barred European companies from major Chinese government medical device contracts, hitting back against similar EU restrictions imposed on Chinese firms last month.
In a notice on Sunday, the Ministry of Finance said that European Union companies without operations in China were excluded from government medical device contracts valued at more than 45 million yuan (US$6.3 million).
Taking effect on Sunday, the restriction does not apply to EU-funded companies operating in China.
Non-EU…Read More