China Retaliates Against US Investment Restrictions... Releases 'US WTO Violation Report'

"US, Hindering Industrial Development of Other Member Countries"

The Chinese government has released an 85-page report outlining the United States' violations of World Trade Organization (WTO) rules. This came just one day after the U.S. imposed restrictions on investments in advanced industries related to China.

On the 11th, the Chinese Ministry of Commerce published the "Report on the United States' Compliance with WTO Obligations," detailing U.S. tariff and non-tariff barriers, industrial subsidies in sectors such as automobiles, semiconductors, clean energy, and critical minerals, agricultural subsidies, intellectual property infringements, export controls, and economic sanctions. The report was released in both Chinese and English versions.

Earlier, on the 9th (local time), U.S. President Joe Biden announced an executive order regulating investments by American capital, including private equity and venture capital, in three Chinese sectors: advanced semiconductors, quantum computing, and artificial intelligence (AI). China immediately mobilized its Ministry of Foreign Affairs and Ministry of Commerce to strongly oppose the move, stating that "the United States violated market economy principles."

The Ministry of Commerce criticized, "The United States should have upheld the fundamental principles and core values of the WTO and played a positive role in the global economic recovery and peaceful development of the world following the COVID-19 pandemic. Unfortunately, what the United States did was the exact opposite."

Furthermore, it pointed out that the U.S. implemented large-scale exclusive and discriminatory subsidy and support policies, hindered the industrial development of other member countries through export controls and other means, and established a U.S.-centered industrial network through unilateral tariff measures.

This content was produced with the assistance of AI translation services.