China Rejects OECD Report on Industrial Subsidies as 'One-Sided'
China has criticized a recent OECD report on industrial subsidies, deeming it 'one-sided' due to inconsistent definitions and methodology. This comes amid escalating EU trade tensions.
China has rejected a recent OECD report that said its firms receive far higher government subsidies than international peers, calling the findings “one-sided and arbitrary” at a time when EU concerns over Beijing’s industrial policy are intensifying. “The report’s definition of ‘subsidies’ lacks a unified standard and statistical framework, and deviates from consensus under multilateral frameworks such as the World Trade Organization,” the Ministry of Commerce said in a statement on...