China rebuts criticisms of SOEs, overcapacity at WTO review

In the final day of the World Trade Organization’s biennial review of Chinese trade policies, Beijing fought back on criticism offered by other members in a host of areas, including claims that it unfairly subsidizes state-owned enterprises, contributes significantly to global steel overcapacity and is implementing unfair industrial policies. Chinese Vice Minister for Commerce Wang Shouwen on Friday challenged other members to conduct countervailing investigations if they believed China was providing unfair subsidies to state-owned enterprises. According to Wang, SOEs...