China's Nuctech raided in EU over foreign subsidies concerns

FILE - Passengers walk next to Nuctech security scanners at the Brussels Eurostar train terminal on Monday, Jan. 17, 2022.

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.