Last month, the European Commission announced the first ever in-depth investigation under its new Foreign Subsidies Regulation, targeting CRRC Qingdao Sifang Locomotive Co., Ltd., a subsidiary of CRRC Corporation, a Chinese state-owned train manufacturer. In reaction to that investigation, CRRC withdrew its bid for a Bulgarian procurement contract.

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SubsidiesChina-EU RelationsGovernment ProcurementCRRC