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Details shared by the commission show that the deal with the Chinese manufacturer concerns a public tender to the Bulgarian transport ministry for 20 electric trains and a 15-year maintenance deal worth €610m (Photo: EC - Audiovisual Service)

Chinese train firm subject to first EU probe for foreign subsidies

The EU Commission has launched its first in-depth investigation into foreign subsidies deemed potentially market distortive.

The company under investigation is a Chinese train manufacturer called CRRC Qingdao Sifang Locomotive, a subsidiary of CRRC Corporation, a Chinese state-owned company.

The investigation was announced on Friday afternoon (16 February) after a preliminary review justified an official probe under the so-called EU foreign subsidies rules.

"This shows th...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Details shared by the commission show that the deal with the Chinese manufacturer concerns a public tender to the Bulgarian transport ministry for 20 electric trains and a 15-year maintenance deal worth €610m (Photo: EC - Audiovisual Service)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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