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China defends industrial-subsidy policy, calls for dialogue with EU

( June 19, 2025, 03:14 GMT | Official Statement) -- MLex Summary: China reaffirmed that its industrial-subsidy policy adheres to openness, fairness and compliance standards, Foreign Ministry spokesperson Guo Jiakun said at a press conference. In response to a media inquiry about EU criticism at the G7 summit — accusing China of disregarding global trade rules by subsidizing domestic companies and exporting overcapacity — Guo argued that such claims conceal protectionist moves by certain countries to safeguard their market share. The ministry highlighted that China's growth stems from its own development strengths, adding that its new-energy industry contributes to global climate and energy transitions. Guo also criticized the EU's double standards in subsidizing European companies and engaging in preferential purchases, urging dialogue to resolve trade disputes without infringing on China's rights.An excerpt of the transcript follows:...

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