Ministry of Commerce: China's industrial subsidy policy is reasonable and compliant

On May 16, the Ministry of Commerce held a regular press conference. A reporter asked: At present, China's new energy products are accused of relying on subsidies to export in large quantities overseas. What is the speaker's comment on this? How do you view the rapid development of China's new energy industry? He Yadong, spokesman of the Ministry of Commerce, said that I would like to emphasize that the popularity of China's new energy products was created by enterprises, not by the government. China's industrial subsidy policy is reasonable and compliant. The industrial subsidy policy originated from the United States and Europe and is widely adopted by countries around the world. China's industrial subsidy policy is mainly guiding. It strictly abides by WTO rules and always adheres to the principles of fairness, transparency and non discrimination. All enterprises operating in China can enjoy it equally. China does not have prohibited subsidies stipulated by the WTO, and relevant subsidy policies have been timely and comprehensively reported to the WTO. In contrast, in the United States and Europe, subsidies have been significantly increased in recent years, with a large number of exclusive and discriminatory practices, which have created numerous obstacles for Chinese products to enter the relevant markets. This is a typical protectionist practice, which violates the basic principles of the WTO.