Reported 5 months ago
The World Trade Organization (WTO) has raised concerns over China's industrial support programmes, citing a significant lack of transparency regarding its financial aid to key sectors like electric vehicles, aluminum, and steel production. The WTO's report, part of China's trade policy review, highlighted that insufficient information hinders a clear understanding of these programmes, which some Western nations perceive as contributing to overcapacity in various industries. The United States criticized China's practices as 'predatory,' while China contended that its support mechanisms adhere to market principles and WTO regulations.
Source: YAHOO