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Innovation, not subsidies, powers China's tech progress

China.org.cn
| January 21, 2026
2026-01-21

Since joining the World Trade Organization in 2001, China has submitted eight central government-level and six local government-level notifications on subsidy policies. The scale of China's fiscal subsidies is far lower than estimates by some international institutions, Vice Minister of Finance Liao Min said at a press conference Tuesday.

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