China Will Deal With Export Subsidy Claims Filed By The United States In Accordance With The WTO Rules.

China said on Sunday that China has always complied with the WTO rules and will prosecute the United States for the prosecution of China's export subsidies against WTO, which will be dealt with according to the WTO rules.

The United States filed a lawsuit against WTO on Friday, asking China to stop providing government subsidies to promote the sale of brand-name products.

The US Trade Representative Office (USTR) said these subsidies benefit many industries in China, including household appliances, textiles and clothing, light industry, agriculture and food, metals and chemicals, medicines and health care products.

These subsidies include cash, preferential loans for exporters and the cost of export credit insurance, USTR said.

In the statement of the official website of China's Ministry of Commerce (www.mofcom.gov.cn), the Chinese side has always respected the WTO rules and opposed trade protectionism, and China will deal with the WTO rules according to the request for consultations.

This is only a month away from the US President-elect Obama.

If China and the United States fail to reach an agreement through consultations within 60 days, the Obama administration will decide whether to take the next step and appeal to the WTO dispute settlement body.

Yang Jing: editor in charge