weehingthong

“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

FT: "The EU has launched an unprecedented probe into a Chinese trainmaker for allegedly using subsidies to undercut European suppliers."

The CRRC bid was 47.5% lower than that of the next highest bid, by Spain's Talgo.https://t.co/SbvixLhVQe via @ft

— Michael Pettis (@michaelxpettis) February 20, 2024

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) expresses its great disappointment and deep concerns with this investigation. pic.twitter.com/U3uRWPnS1j

— China Chamber of Commerce to the EU (CCCEU) 欧盟中国商会 (@CCCEUofficial) February 16, 2024

pic.twitter.com/3WpMoxaNyz

— simonthong aka kitty poo (@KittyPo80176717) February 17, 2024

The #EU announced a probe into #China’s rail giant CRRC suspected of using state #subsidies to unfairly undercut European rivals.

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

— Guo Library (@GuoLibrary3) February 17, 2024