China hit back at the European Union’s restrictions on its medical device makers while maintaining key exceptions, adding uncertainty to ties ahead of a high-stakes summit later this month.
Beijing will exclude EU-based companies from Chinese government procurement for certain medical devices, but it will still allow products that are made in China, according to separate statements on Sunday. The move offers a relief for major European companies such as
Philips said 90% of its sales in China originate from local manufacturing, and that it will ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.
