On Wednesday 5 November, the European Commission announced that it was launching an in-depth investigation under its Unfair Foreign Subsidies Regulation (‘FSR’) into a subsidiary of the Chinese state-owned companyCRRC, which had bid for a Portuguese public contract to supply metro trains.
Portugal CRRC Tangshan Rolling Stock Unipessoal, a subsidiary of CRRC, notified the Commission, in accordance with the FSR Regulation, that it had received foreign subsidies when bidding for the...