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

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…