On June 18, Li Chao, deputy director of the policy research office and spokesman for the CHINA STATE PLANNER, rejected recent international reports that attribute Chinese firms' market-share gains in key sectors primarily to government "subsidies." He called that view one-sided and wholly incorrect, saying China's industrial competitiveness stems from its ultra-large domestic market and intense competitive pressure, efficient coordination across a complete industrial system, long-term accumulati

On June 18, Li Chao, deputy director of the policy research office and spokesman for the CHINA STATE PLANNER, rejected recent international reports that attribute Chinese firms' market-share gains in key sectors primarily to government "subsidies." He called that view one-sided and wholly incorrect, saying China's industrial competitiveness stems from its ultra-large domestic market and intense competitive pressure, efficient coordination across a complete industrial system, long-term accumulation in education, technology and talent, and sustained improvements in the business environment.