MedTech
EU is set to launch China probe on medical device procurement
The probe arrives on the back of scepticism about Beijing’s use of massive state support to critical sectors
The European Union is set to launch an investigation into China’s procurement of medical devices as it seeks to address concerns that Beijing’s policies are unfairly favouring domestic suppliers.
The probe may be announced as early as mid-April and could result in the bloc curtailing Chinese access to its tenders, according to people familiar with the matter.
It would constitute a first outing for the EU’s so-called International Procurement Instrument, or IPI, a 2022 law ...