Key facts
- China rejected an OECD report on government subsidies for its firms.
- China called the report's findings "one-sided and arbitrary."
- The Ministry of Commerce stated the report's definition of subsidies lacks a unified standard.
- EU trade chief Maros Sefcovic is scheduled to meet China's top trade envoy, Li Chenggang.
China has rejected a recent OECD report that stated its firms receive significantly higher government subsidies compared to international peers. Beijing described the findings as "one-sided and arbitrary," a stance taken amid escalating trade tensions and growing EU concerns over China's industrial policies. The Ministry of Commerce issued a statement asserting that the report's definition of 'subsidies' lacks a unified standard and statistical framework, deviating from consensus within multilateral frameworks like the World Trade Organization. This development occurs as EU trade chief Maros Sefcovic is scheduled to meet China's top trade envoy, Li Chenggang, on the sidelines of an OECD meeting to discuss trade and investment issues.