China’s state-owned prepare producer CRRC is the goal of the European Fee’s first probe into unfair international state subsidies.
The European Union govt mentioned it’s probing CRRC unit Qingdao Sifang Locomotive over its bid for a €610 million Bulgarian public procurement contract to supply electrical trains together with upkeep and employees coaching.
“There are enough indications that this firm has been granted a international subsidy that distorts the interior market,” the Fee mentioned. The CRRC might have made “an unduly advantageous supply” that “might trigger different corporations collaborating within the public procurement process to doubtlessly lose gross sales alternatives.”