During the second meeting of the World Trade Organization\u2019s ninth trade policy review of China held on Friday, China vehemently denied allegations of \u201covercapacity\u201d and \u201ceconomic coercion\u201d made by certain WTO members.\u00a0Addressing the criticisms, China\u2019s delegation emphasized that its subsidy policies align with WTO rules and that the success of Chinese enterprises is driven by market competition.<\/p>\n
This meeting came shortly after the third plenary session of the Communist Party of China\u2019s (CPC) 20th Central Committee, which concluded on July 18 and adopted a resolution to deepen reforms and advance Chinese modernization. The Chinese representatives underscored this resolution as a testament to China\u2019s commitment to expanding openness and pursuing high-quality development, promising significant opportunities for the global community.<\/p>\n
China dismissed claims of \u201covercapacity\u201d in new energy sectors, arguing that the global demand for green and low-carbon technologies negates such allegations. The delegation firmly denied practices of \u201ceconomic coercion,\u201d criticizing some WTO members for their \u201clong-arm jurisdiction,\u201d restrictive lists, and arbitrary sanctions, which they identified as the true sources of economic coercion.<\/p>\n
The Chinese representatives approached various concerns with transparency, covering industrial policy, subsidies, state-owned enterprises, intellectual property protection, cyber security, government procurement, export controls, and transparency. Detailed explanations were provided on policy objectives, operational specifics, implementation effects, and future directions.<\/p>\n
Throughout the review, representatives from 71 WTO members engaged, many commending China\u2019s reforms, and contributions to the WTO, and expressing eagerness to deepen economic and trade relations. They also anticipated China\u2019s enhanced role in global economic recovery and practical cooperation with developing nations, reinforcing the multilateral trading system.<\/p>\n","protected":false},"excerpt":{"rendered":"
China has strongly refuted allegations of \u201covercapacity\u201d and \u201ceconomic coercion\u201d from certain World Trade Organization (WTO) members during the second meeting of WTO\u2019s ninth trade policy review of China held on Friday.<\/p>\n","protected":false},"author":387,"featured_media":22251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[175,12658,12659,999,9847,3964],"class_list":["post-22235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-china","tag-china","tag-chinas-delegation","tag-communist-party-of-chinas-cpc","tag-trade","tag-world-trade-organisation","tag-wto"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/22235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/users\/387"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/comments?post=22235"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/22235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media\/22251"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media?parent=22235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/categories?post=22235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/tags?post=22235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}