@the_sound_of_truth: CNR: According to a report from the Organization for Economic Co-operation and Development, across 15 key industries including car manufacturing, shipbuilding and solar power, nearly 60 percent of the global market share gains by Chinese firms since 2005 can be linked to subsidies they received. The report finds that global subsidies amounted to USD 108 billion in 2024, 52 percent of which came from China. OECD Secretary-General Mathias Cormann stated that large and persistent industrial subsidies can distort global markets, creating unfair competitive advantages and contributing to excess supply capacity. What is your comment? Mao Ning: Chinese firms make their way to the top not on subsidies, but through market competition, tireless innovation, global presence and the advantage of China’s mega-sized market. China’s industrial subsidy policy is based on openness, fairness, and compliance, and strictly within WTO rules. Industrial subsidies are commonly used worldwide. What matters is whether they comply with WTO rules. We hope the international organization will play a constructive role rather than the other way around.

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