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After EU spotlight on foreign subsidies, Chinese group leaves race - Last minute

2024-03-26T18:45:26.572Z

Highlights: After EU spotlight on foreign subsidies, Chinese group leaves race - last minute. The Chinese state-owned CRRC Qingdao train manufacturer withdrew from the tender in Bulgaria in which it wanted to participate. The European Commission announced in mid-February the first in-depth investigation into the enhanced role of foreign subsidies. "Our single market is open to companies that are truly competitive and act fairly", said Internal Market Commissioner Thierry Breton in a note to the European Commission in mid February.


The Chinese state-owned CRRC Qingdao train manufacturer withdrew from the tender in Bulgaria in which it wanted to participate, after the European Commission announced in mid-February the first in-depth investigation into the enhanced role... (ANSA)


Chinese state-owned CRRC train maker Qingdao withdrew from a tender in Bulgaria it wanted to participate in, after the European Commission announced in mid-February its first in-depth investigation into the potentially market-distorting role of foreign subsidies.


    "In just a few weeks, our first investigation under the regulation on foreign subsidies has already yielded results - comments Internal Market Commissioner Thierry Breton in a note -. Our single market is open to companies that are truly competitive and act fairly".


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Source: ansa

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