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Published 10 days ago

China's Nuctech raided in EU over foreign subsidies concerns

Summary by VOA News

BRUSSELS — Chinese security equipment company Nuctech's Dutch and Polish offices were raided by EU competition regulators, the company said on Wednesday, as the European Commission cracks down on companies receiving unfair state subsidies which put EU peers at a disadvantage. The European Commission has launched four investigations against Chinese companies since its foreign subsidies regulation introduced in July 2023 allowed the executive to a…

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China's Nuctech raided in EU over foreign subsidies concerns

BRUSSELS — Chinese security equipment company Nuctech's Dutch and Polish offices were raided by EU competition regulators, the company said on Wednesday, as the European Commission cracks down on companies receiving unfair state subsidies which put EU peers at a disadvantage. The European Commission has launched four investigations against Chinese companies since its foreign subsidies regulation introduced in July 2023 allowed the executive to a…

10 days ago·United States

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