China backs WTO talks on fair competition and subsidies
China supports WTO talks on restricting industrial subsidies and enhancing transparency. Li Chenggang also urged a consensus on electronic transmission duties.
China will support global discussions on fair competition and industrial subsidy restrictions to reduce market distortions. This commitment follows an OECD report showing global industrial subsidies at their highest levels since the global financial crisis. The move aims to address international pressure as Beijing seeks to maintain its influence within the World Trade Organization (WTO) framework.
