China Doesn’t Provide Sufficient Data About Subsidies, WTO Says
China doesn’t provide adequate data about subsidies and other government assistance it gives to its domestic industries, the World Trade Organization said in its biennial review of the Asian nation’s trade policy.
While such forms of aid are “important features” of China’s trade policy and industrial policy making, the government isn’t transparent about the level or sources or assistance, the Geneva-based WTO said today. Members of the trade arbiter will comment about China’s policies today and on June 14, with governments including the U.S. and the European Union set to express criticism, as they have in past years.
“China submitted a new WTO notification of its subsidies in 2011, listing programs providing government assistance at the central government level between 2005 and 2008,” the WTO said. “However, in many cases there are no figures on the magnitude of support provided, and no information is available on subsidies and other government assistance provided at the provincial level, which are believed to be considerable.”
The WTO also said that while the number of state-owned Chinese enterprises declined in 2010 and 2011, they “remain dominant in certain sectors and subsectors that are vital to national economy.”
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