When the Chinese people were still immersed in the warmth of the Dragon Boat Festival rice dumplings, the EU raised its butcher knife behind it! Recently, EU member states pressed the voting button without hesitation and directly expelled Chinese medical device companies from the bidding arena of more than 5 million euros. Five-year ban, how is this a trade rule? It is clearly a carefully planned "economic assassination"!
As soon as Reuters news came out, the global markets were shocked to death. You know, this is the first time that the EU has used the International Procurement Tools (IPI) to point the gun at China. The European Union Chinese Chamber of Commerce slapped the table on the spot, angrily denounced that it was about to force Chinese companies to death! The door to the European medical procurement market is simply closed roughly, and everyone knows what the EU plans to do.
This long-planned encirclement planted the root of disaster as early as April last year. The so-called "investigation" that lasted for 13 months was nothing more than a fig leaf for the EU to reverse black and white. They shamelessly labeled China as "discriminating against EU companies", slandered China for giving priority to purchasing domestic equipment, restricting imports, and maliciously competing at low prices. But facts outweigh eloquence. As the world's largest medical device consumer market, China has always welcomed companies from all over the world with an open and inclusive attitude. Domestic equipment broke through the siege with its excellent technology and super cost-effectiveness, touching the interests of some EU companies, which caused them to be crazy political suppression.
Faced with such extremely despicable means, the two major departments in China directly showed up hard. The Ministry of Commerce took the lead in showing its sword and bluntly stated that the EU is engaging in protectionism, unilateral tools undermine fair competition, and new trade barriers must be demolished. He also made a harsh statement, "China will pay close attention to it and resolutely safeguard the legitimate rights and interests of enterprises." This attitude is tough enough!
The Ministry of Foreign Affairs followed closely behind, and spokesman Lin Jian directly tore off the mask of hypocrisy of the EU: while boasting about himself "The world's most open market" is a disgusting double standards while doing trade bullying. Want to treat Chinese companies as cartilage? It's simply a daydream! "We firmly safeguard the legitimate rights and interests of enterprises", this is China's ultimatum to the EU.
The EU's move is bad, harming others and not helping oneself! China and Europe are in-depth partners in the medical field. European companies have made a lot of money in the Chinese market, but now they have unilaterally tore up the cooperation agreement, and the mutual trust accumulated over the years has instantly disappeared. What’s even more ridiculous is that the EU is engaged in trade protection against the trend, which is on the surface protecting its own companies, but in fact it is pushing European people into the fire pit. Without the high-quality and low-priced products of Chinese companies, the cost of European people’s medical treatment has soared; without healthy competition, industry innovation will be a stagnant pool.
I advise the EU to wake up quickly. In a difficult time when the global economic recovery is recovering, confrontation is to dig your own grave. If you insist on playing with fire, China's countermeasures are not vegetarians. At that time, the EU will definitely pay a heavy price for its short-sightedness!
