China hits back at EU with reciprocal ban on major medical equipment contracts

News Snapshot:

Beijing, China—China hit back on Sunday at an EU (European Union) ban on Chinese firms from major medical equipment purchases with a reciprocal bar on European companies in the latest trade salvo between the two economies. China’s finance ministry said in a statement that European Union companies, with the exception of “those with European capital established in China, will have to be excluded” from orders of more than 45 million yuan ($6.3 million). - Advertisement - Chinese Foreign Minister Wang Yi visited the EU’s headquarters, as well as France and Germany, over the past week in a bid to improve...