China’s state-owned enterprises (SOEs) are independent market entities that engage in autonomous operations, and make profits and assume losses independently.
Bearing risks on their own, practicing self-discipline and pursuing self-development, they compete with other enterprises of different ownerships on a level playing field.
However, they have long been regarded as a thorn in the side of some Americans who stubbornly believe that “those who are not with us must be against us”. Fabricating stories about Chinese SOEs and maliciously defaming them, these Americans spare no effort to stigmatize and demonize these Chinese companies.
SinceChina’s accession to the WTO, the country has been actively reforming its policies to ensure compliance and fully performing the obligations under the WTO Agreement on Subsidies and Countervailing Measures. Not only hasChinacompletely cancelled prohibited subsidies, but also strictly abided by the WTO rules on subsidy transparency.