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EU Raids Chinese Firm's Subsidiaries Over Unfair Subsidies, Accesses Data
Apr 23, 2024, 05:10 PM
European Union officials conducted unannounced raids on the Dutch and Polish subsidiaries of a Chinese company suspected of receiving unfair foreign subsidies. The company, identified as a manufacturer of surveillance equipment, was targeted under the EU's new foreign subsidy regulations. During the raids, EU teams accessed the ICT systems and staff mobile phones to gather evidence. This action is part of the EU's broader strategy to enforce compliance with its economic policies, including a recent initiative to ban products made with forced labor, particularly focusing on goods produced in China.
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