Zhongxin Finance, Feb. 10. At the regular press conference held by the Ministry of Commerce on the 10th, some media asked. Deputy US Trade Representative Bianchi said recently that the Chinese government's subsidies to enterprises and non-market economic policies and practices are "Serious threat to US economic interests", what is the response of the Ministry of Commerce to this?
What is the current progress of the communication and dialogue between the Sino-US economic and trade teams?
In this regard, Gao Feng, a spokesman for the Ministry of Commerce, said: The accusations made by the United States are completely untrue.
Since China's accession to the WTO, it has earnestly fulfilled its accession commitments, abided by the obligations of the WTO Agreement on Subsidies and Countervailing Measures, and completely cancelled the prohibited subsidies under the agreement.
For other subsidies allowed by the WTO rules, the level and method of China's subsidies are in line with the WTO rules.
There is a view that China's economic success mainly depends on government intervention.
We object to this view.
Facts over the past 40 years have shown that the success of China's economy is the success of the reform and opening-up policy, and the success of the effective combination of the role of the market mechanism and the role of the government.
China's reform and opening up is beneficial to China and the world. It not only promotes China's economic development, but also makes important contributions to the prosperity of the world economy.
At present, the economic and trade teams of the two sides maintain normal communication.
If there is further information, we will announce it in time.