EU restricts Chinese medical device firms' public tender access

The EU will restrict Chinese medical device firms from bidding on public contracts due to unfair access for European companies in China's public tenders. This decision, backed by EU governments, is the first use of the International Procurement Instrument. The EU can now exclude Chinese bidders or penalize their bids for five years. The move follows an investigation revealing China favored its own medical devices. This action may escalate trade tensions, with an EU-China meeting scheduled for Tuesday.