Chinese Train Maker Withdraws From Bulgaria Tender After EU Probe
www.barrons.com
Chinese rail giant CRRC has withdrawn from a tendered project in Bulgaria after the EU last month launched a probe into it over suspected subsidies, the European Commission said on Tuesday.

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”.

  • spacedout@lemmy.mlEnglish
    15·
    7 months ago

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