12/1/2022, 9:14 AM (Source: TeleTrader)
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China: Our right to question US inflation act

Beijing has the right to challenge the United States Inflation Reduction Act (IRA), the Chinese Commerce Ministry's (MOFCOM) spokeswoman Shu Jueting stated at a press conference on Thursday.

Shu insisted that China, as a member of the World Trade Organization (WTO), expressed its concerns that trade subsidies and measures presented in that document would hurt the global semiconductor industry.

Commenting on the relations between China and the European Union, Shu said that China also supports the implementation of the proposed Comprehensive Agreement on Investment (CAI), describing it as a "balanced, high-level, mutually beneficial and win-win pact," and seeks its swift signing and application.

Baha Breaking News (BBN) / JR