European Commission’s use of FSR in Lisbon Metro case to replace Chinese subcontractor raises concerns; CCCEU calls for due process, regulatory transparency
The European Commission (EC) has ordered a shake-up in a major Lisbon Metro project, forcing the replacement of a Chinese subcontractor over so-called "distortive foreign subsidies." The move, taken under the bloc's Foreign Subsidies Regulation, has drawn swift backlash from the China Chamber of Commerce to the EU, which on Tuesday voiced strong opposition and […]