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WTO opens investigation into alleged Chinese industrial subsidies

WTO opens investigation into alleged Chinese industrial subsidies

The World Trade Organization opened a formal investigation Friday into U.S. and Mexican allegations that China is providing illegal subsidies for a range of industries, officials said.
The two North American countries accuse Beijing of using WTO-prohibited tax breaks to help Chinese companies boost exports, while imposing tax and tariff penalties to limit purchases of foreign products in China. Beijing, meanwhile, blocked a separate probe of its rules for protecting intellectual property rights.


Updated : 2021-05-09 06:26 GMT+08:00