China Rebukes OECD Over Subsidy Report
12 Articles
12 Articles
China Rebukes OECD Over Subsidy Report
China's Commerce Ministry has dismissed an OECD report claiming that government subsidies to industry have surged, aligning with WTO rules. The OECD highlighted a peak in such subsidies since the global financial crisis, driven mostly by China. China urges OECD to maintain research objectivity.
Beijing. China rejected Wednesday that the strength of its companies is due to generous state subsidies, in response to an OECD report that argues that this aid gives the Asian giant an unfair advantage.Manufacturing and exporting power, the second world economy provides broad government support to local companies.According to critics, this harms fair competition in markets.The Organisation for Economic Cooperation and Development (OECD) noted M…
Beijing, Jun 4 (Latin Press) China today rejected a report by the Organisation for Economic Cooperation and Development (OECD) that identified Asian giant companies as the main recipients of industrial subsidies worldwide. The post Beijing questions report on industrial subsidy in China first appeared on News Prensa Latina.
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