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“Brussels almost footed the bill: The Bulgarian train upgrade will be partly funded by the EU’s recovery and resilience fund…Since the contract is worth more than €250 million, the EU’s new Foreign Subsidies Regulation kicks in. Initial findings show there are “sufficient…
— Sari Arho Havrén (@SariArhoHavren) February 20, 2024
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FT: "The EU has launched an unprecedented probe into a Chinese trainmaker for allegedly using subsidies to undercut European suppliers."
— Michael Pettis (@michaelxpettis) February 20, 2024
The CRRC bid was 47.5% lower than that of the next highest bid, by Spain's Talgo.https://t.co/SbvixLhVQe via @ft
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CCCEU Statement on the European Commission's First In-depth Investigation under the Foreign Subsidies Regulation Targeting CRRC Qingdao Sifang Locomotive
— China Chamber of Commerce to the EU (CCCEU) 欧盟中国商会 (@CCCEUofficial) February 16, 2024
China Chamber of Commerce to the EU (CCCEU) expresses its great disappointment and deep concerns with this investigation. pic.twitter.com/U3uRWPnS1j
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— simonthong aka kitty poo (@KittyPo80176717) February 17, 2024
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The #EU announced a probe into #China’s rail giant CRRC suspected of using state #subsidies to unfairly undercut European rivals.
— Guo Library (@GuoLibrary3) February 17, 2024
The probe is the 1st under new EU foreign subsidy rules that took effect last year.
CRRC is the world's largest train maker.https://t.co/BUY61RnyOC
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weehingthong 