The Chinese Government "Is Not Rich Enough to Afford Subsidies," Says Prime Minister
3 Articles
3 Articles
Beijing, Jun 24 (EFE).- Chinese Prime Minister Li Qiang this Wednesday rejected criticism of the weight of public subsidies on China’s industrial competitiveness and said that “the Chinese government is not rich enough to afford subsidies.” Li made these statements during his speech at the plenary session of the 17th Annual Meeting of the New Champions, known as the ‘Summer Davos’, which is being held this week in the north-eastern Chinese city …
Chinese Prime Minister rejected criticism of the weight of public support on China's competitiveness and stated that "the Chinese government is not so rich that it can provide subsidies".
Newtalk News: On June 24, Chinese Premier Li Qiang refuted criticisms that China's high-tech industries, such as artificial intelligence (AI) and electric vehicles, rely on government subsidies at the Summer Davos Forum of the World Economic Forum. He emphasized that the competitiveness of Chinese companies comes from massive R&D investment and innovation capabilities, not from state funding. During his speech at a forum in Dalian, Liaoning, Li …
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