China rejects OECD report on industrial subsidies as ‘one-sided’ amid 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 state
The dispute comes as industrial policy becomes a major point of contention in global trade, particularly in hi-tech and strategic sectors
“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 Thursday.
“It attributes the rise in Chinese firms’ global market share solely to government subsidies, while overlooking their real competitive advantages in economies of scale, production efficiency and technological upgrading.”
Drawing on the OECD’s “Manufacturing Groups and Industrial Corporations” database, it identified solar panels, semiconductors, aluminium, steel and shipbuilding as the top five recipients of subsidies among 15 sectors tracked.
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