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EU launches probe on CRRC unit for train deal

The European Union has opened an unprecedented investigation into a unit of China’s state-owned train maker CRRC Co. Ltd. over alleged unfair subsidies, reports Caixin. The European Commission announced the probe Friday on CRRC unit Qingdao Sifang Locomotive and Rolling Stock over its bid for a €610 million ($657 million) public procurement contract in Bulgaria… ....

European Commission , European Union , European Commission On Jan , Qingdao Sifang Locomotive , Rolling Stock , Foreign Subsidies Regulation ,

EU 'absolutely willing' to use trade tools against China to fight unfair practices as bloc launches train probe

EU competition chief Margrethe Vestager says investigation into Chinese train maker over subsidies sends ‘important signal’ to business community but denies Brussels is ‘stepping up against’ Beijing with string of trade inquiries. ....

European Commission , China Chamber , Qingdao Sifang Locomotive , European Union , Trade Investigation , Rain Maker , Munich Security Conference , Margrethe Vestager , Hina Chamber Of Commerce To The Eu ,

BRUSSELS (Reuters)  EU antitrust regulators on Friday used new tough rules to open an investigation into whether subsidies to Chinese train mak ....

Bruxelles Capitale , Qingdao Sifang Locomotive , Subsidies Regulation ,

Chinese train maker targeted by EU subsidy probe

The European Commission is checking whether a CRRC unit was boosted by Chinese subsidies that allowed it to unfairly undercut rivals. ....

John Macdougall , Edith Hancock , European Union , Kit The Commission , European Commission , Getty Images , Qingdao Sifang Locomotive , Public Procurement ,