China's industrial subsidy policy strictly adheres to WTO rules

Beijing, June 3 (Xinhua) -- Foreign Ministry spokesperson Mao Ning stated on June 3 that China's industrial subsidy policy adheres to the principles of openness, fairness, and compliance, and strictly abides by WTO rules.

At the regular press conference that day, a reporter asked: According to reports, the Organization for Economic Cooperation and Development has released a report stating that in 15 key industrial sectors such as automobiles, shipbuilding, and solar energy, nearly 60% of the global market share growth of Chinese enterprises since 2005 can be attributed to subsidies. The Secretary General of the organization, Coleman, stated that large-scale and sustained industrial subsidies distort the global market, create unfair competitive advantages, and lead to overcapacity. What is China's comment on this?

Mao Ning stated that the competitiveness of Chinese enterprises is not achieved through supplementation, but rather comes from the economies of scale advantages brought by highly market-oriented competition, continuous technological innovation, global layout of enterprises, and super large scale markets. China's industrial subsidy policy adheres to the principles of openness, fairness, and compliance, and strictly abides by the rules of the World Trade Organization.

From a global perspective, industrial subsidy policies are widely adopted by countries, and the key is to comply with WTO rules. We hope that relevant international organizations can play a constructive role, rather than the opposite, "said Mao Ning.