China and the EU Disagree Over Medical Device Sales
Hey there! Have you ever thought about where medical devices like X-ray machines or heart monitors come from? 🌡️ Well, recently, there’s been some news about China and the European Union (EU) disagreeing over these important tools.
The European Union has decided to limit Chinese companies from selling medical devices in Europe if the contracts are over 5 million euros (that’s about 5.7 million US dollars!). This means Chinese companies might not be able to take part in big projects in Europe for the next five years.
China’s Ministry of Commerce isn’t happy about this decision. They say it’s not fair and that it could hurt Chinese businesses. They believe that everyone should have a fair chance to compete, no matter where they’re from.
The Chinese spokesperson said, “This kind of decision makes competition unfair and creates new problems for trading.” They are asking the EU to change its mind and let Chinese companies join in as before.
Both China and the EU are big players in world trade, and they usually follow rules set by the World Trade Organization (WTO). These rules are meant to make trade fair for everyone. China hopes that the EU will stick to these rules and make sure things are fair and open.
So, what’s next? China says they will watch what the EU does and might take steps to protect their companies. It’s like when you’re playing a game, and you want to make sure everyone follows the same rules! 🏀
It’s important for countries to work together, especially when it comes to things like medical devices that help people stay healthy. Let’s hope they can find a way to solve this disagreement! 🤝
Reference(s):
cgtn.com
