The looming trade tensions over China’s subsidies

The US and EU are busy ‘de-risking’ supply chains, but Beijing has its own plan for economic autonomy.

Chinese Commerce Minister Wang Wentao last week warned the “environment is poor”. PHOTO: REUTERS
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In a speech that delivered China’s assessment of world trade conditions in 2024, Commerce Minister Wang Wentao last week warned that the “environment is poor”.

“Rising trade protectionism” and “intensified geopolitical conflicts” were among the main challenges, he told reporters in Beijing on Jan 26.

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