China's Retaliatory Measures Against EU
In a bold move, the Chinese Commerce Ministry announced on Sunday its decision to restrict certain medical devices imported from the European Union. This action is a direct response to the EU's recent regulations that limit Chinese companies' access to its public procurement market, marking a significant escalation in trade tensions between the two economic powerhouses.
Protecting Chinese Interests
The ministry emphasized that these measures are necessary to safeguard the legitimate rights and interests of Chinese enterprises and to ensure a fair competitive environment. It was clarified that the restrictions apply solely to medical devices imported from the EU, with products manufactured by EU-funded enterprises within China remaining unaffected.
China's Call for Dialogue
Expressing regret over the EU's decision, Beijing highlighted its efforts to resolve the dispute through dialogue. The ministry reiterated China's commitment to openness and cooperation but also issued a stern warning against the dangers of rising protectionism in global trade.
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