12 hours ago
EU to Restrict China's Access to Medical Device Procurements
The European Union will restrict the ability for Chinese medical device manufacturers to access public procurement contracts worth more than €5 million ($5.7 million).
The move will restrict Chinese companies from accessing around 60% of the public spending in this field, or around €150 billion, 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.
