Key facts
- Ding Xuexiang dismissed the 'China squeeze' theory as "completely unfounded" at the CIIE opening.
- The US and EU accuse China of subsidies and flooding markets, fueling tension over trade surpluses.
- China says its competitiveness stems from technological advantages and R&D, not subsidies.
- China pledged favorable conditions for foreign firms despite some import restrictions.
China's Vice Premier Ding Xuexiang opened the 9th China International Import Expo in Shanghai on November 5, 2026, and used the speech to reject accusations that China is squeezing out other economies, calling the idea "completely unfounded." The expo is a business fair aimed at enticing importers.
The United States and European Union accuse China of subsidies and flooding markets, fueling tensions over trade surpluses and market access. China says its competitiveness stems from technological advantages and research and development rather than subsidies, and it pledged favorable conditions for foreign firms despite some import restrictions.
The primary report, a first-person essay on China's role in South America, also described the Industrial and Commercial Bank of China's 2012 acquisition of an 80 percent stake in Standard Bank Argentina. That material was not used in this record.