EU to reportedly launch investigation into China’s procurement of medical devices

News Snapshot:

The European Union is set to launch an investigation into China’s procurement of medical devices to address concerns that Beijing’s policies are unfairly favoring domestic suppliers, Bloomberg News reported on Monday. The probe may be announced as early as mid-April and could result in the bloc curtailing Chinese access to its tenders, the report added, citing people familiar with the matter. The probe will collect information from companies and member states and its primary aim is to enter into a dialog with China to ensure that markets are fair and open, the report said. China and the EU last year...