China curbs EU medtech procurement from today
Starting from today, Sunday, EU-based companies will be excluded from the Chinese government procurement for certain medical devices if the value is higher than 45m Chinese yuan (€5.3m), according to a statement from the country's ministry of finance on Sunday.
Medtech's key role in Irish economy
There are approximately 450 medical device and technology companies operating in Ireland, including nine of the world's 10 largest companies in this space. According to Irish Medtech, the sector employs more than 48,000 people.
Products made by EU-funded companies in China are not impacted by the curbs, its ministry of commerce said in a separate statement.
China's move came after the EU announced plans to restrict Chinese medical device manufacturers from accessing public procurement contracts worth more than €5m.
The measures will restrict Chinese companies from accessing around 60% of the public spending in this field, or around €150bn, according to an EU official familiar with the plans.
The EU will also allow no more than 50% of inputs from China for successful bids.
Chinese medtech sales into EU
Chinese exports of medical devices to the EU have more than doubled between 2015 and 2023, the European Commission said in a statement.
In another sign of increasing tensions between Europe and Beijing, the Chinese government intended to shorten a two-day summit with EU leaders this month to just a day, Bloomberg reported on Friday.
China also announced anti-dumping duties on European brandy on Friday while exempting major cognac makers that agreed to minimum price levels.
The action followed the EU's decision in 2024 to levy duties as high as 45% on Chinese-made electric vehicles.
European countries have complained that the Chinese government has failed to address overcapacity in sectors including steel, unfair subsidies, and market access to its economy.
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