China rejects OECD report on industrial subsidies as โone-sidedโ 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 โone-sided and arbitraryโ at a time when EU concerns over Beijingโs industrial policy are intensifying. โThe reportโs definition of โsubsidiesโ lacks a unified standard and statistical framework, and deviates from consensus under multilateral frameworks such as the World Trade Organization,โ the Ministry of Commerce said in a statement on...