Translation. Region: Russian Federal
Source: People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 18 (Xinhua) — China’s Foreign Ministry on Wednesday expressed strong dissatisfaction and firm opposition to European Commission President Ursula von der Leyen’s recent remarks on China’s industrial subsidy policies, calling her words factually inaccurate and filled with bias and double standards.
Chinese Foreign Ministry spokesman Guo Jiakun made the statement at a regular briefing in response to a journalist’s question about U. von der Leyen’s remarks at the G7 summit on June 16.
China’s industrial subsidy policy adheres to the principles of openness, fairness and compliance with established norms, and strictly abides by the rules of the World Trade Organization, Guo Jiakun emphasized. According to him, China’s industrial development relies on the advantages of consistent technological innovation, a complete supply chain system, full-fledged market competition and abundant labor resources, which are due to the country’s actual capabilities rather than subsidies.
As the diplomat emphasized, China’s new energy production capacity makes a significant contribution to the global fight against climate change and the energy transition. The so-called “overcapacity” problem, he noted, is essentially a projection of individual countries’ concerns about their own competitiveness and market share, which they intend to use as a pretext to justify protectionist measures.
The official representative pointed out that in recent years the European Union has been continuously implementing industrial policy measures, providing a significant amount of subsidies to support European enterprises, and even openly offering to give preference to purchasing products from European manufacturers.
The EU plans to provide more than €1.44 trillion in various subsidies from 2021 to 2030, with more than €300 billion already provided by 2024, Guo Jiakun said, citing incomplete statistics.
According to him, at a time when the EU is striving to stimulate economic growth and increase competitiveness, it needs to abandon double standards and move towards greater openness in cooperation.
In the 50 years since the establishment of diplomatic relations, cooperation between China and the EU has yielded fruitful results and brought tangible benefits to both sides, the official said, assuring that China, while continuing to firmly adhere to high-level opening up, will continue to provide European companies with its vast market and development opportunities.
China hopes to strengthen communication and coordination with the European side and properly handle trade differences to achieve win-win results and common development, Guo Jiakun said. At the same time, he added, China firmly opposes any attempt to undermine its right to development or sacrifice Chinese interests for its own gains. –0–