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.

China's Commerce Ministry has flatly rejected a recent report by the Organisation for Economic Cooperation and Development (OECD), asserting that its policies regarding industrial subsidies adhere to World Trade Organization regulations.

The report, unveiled this Monday by the Paris-based OECD, suggests that government subsidies to industries have soared to their highest levels since the global financial crisis, with China being a major contributor to this increase.

In response, China urged the OECD to conduct its research objectively and avoid politicizing or instrumentalizing the findings in its reports.