US accuses China of illegal export subsidies
The United States announced Wednesday that it has filed a new complaint at the World Trade Organization over alleged Chinese export subsidies to seven industries. The aid is funnelled through the Chinese government's Demonstration Bases-Common Service Platform program, which the USTR said provides free and discounted services to companies. "Export subsidies provide an unfair advantage to a vast array of Chinese exporters and are expressly prohibited under WTO rules," the USTR office said in a statement. "This unfair Chinese program is harmful to American workers and American businesses of all sizes." Washington said its complaint is directed at the Chinese program's support for seven industries: textiles, advanced materials and metals, light industry, specialty chemicals, medical products, hardware and building materials, and agriculture.
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