0

Bulgaria: Chinese rail maker CRRC withdraws from public tender after EU launched probe into it over suspected state subsidies(www.barrons.com)

posted
by
Avatar
0x815@feddit.de
in
Avatar
europe@feddit.de
3 comments
hidereport

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”.

Sort:
HotTopControversialNewOld
You are viewing a single thread.
View all comments View context
Avatar
MrMakabar@feddit.de
0 points

The EU just looked into the potential for dumping. They were not finished with the process and therefore did not punish CRRC at all.

Also China is not that poor. GDP per capita is only a third less then that of Romania.

permalink
report
parent
reply

Europe

!europe@feddit.de

Create post

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

  1. Be nice to each other (e.g. No direct insults against each other);
  2. No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
  3. No posts linking to mis-information funded by foreign states or billionaires.

Also check out !yurop@lemm.ee

Community stats

  • 1

    Monthly active users

  • 2K

    Posts

  • 10K

    Comments

Community moderators