China's Ministry of Commerce on Thursday dismissed a recent Organisation for Economic Cooperation and Development (OECD) report on industrial subsidies, saying that the report lacks rigorous conceptual definitions, features biased sample selection, and draws one-sided and arbitrary conclusions.
The report released by OECD on Monday claims that 60 percent of global market share gains by Chinese firms that expanded over the past two decades can be linked to the subsidies they received.
In a Q and A text released on its website, the ministry said subsidies are a policy tool commonly used by economies, including OECD members, and that China is willing to actively participate in the discussion of international rules on industrial subsidies.
China's industrial subsidy policies strictly comply with the rules of the World Trade Organization (WTO) and fully fulfill transparency obligations, and the so-called subsidies cited in the OECD report lack uniform measurement standards and statistical methodologies, deviating from the consensus within multilateral frameworks such as the WTO, said the ministry.
The report attributes the increase in Chinese enterprises' global market share solely to government subsidies, completely overlooking the genuine core advantages of Chinese enterprises in areas such as economies of scale, production efficiency, and technological iteration, the ministry said.
The ministry urged OECD to conduct its research in an objective and impartial manner, solicit input from a wide range of stakeholders, and use comprehensive, accurate, and authoritative data and information that accurately reflects the actual state of industrial development and policy practices.
It noted that the organization should avoid politicizing or instrumentalizing its research report, which could undermine its own credibility.
China's Ministry of Commerce slams OECD subsidy report as one-sided, arbitrary
China's Ministry of Commerce slams OECD subsidy report as one-sided, arbitrary
Russian President Vladimir Putin said on Thursday Russia is fully prepared and willing to negotiate with Ukraine at a U.S. military facility in Anchorage, Alaska, while his Ukrainian counterpart Volodymyr Zelensky proposed a face-to-face meeting.
At a meeting with heads of major international news agencies attending the 29th St. Petersburg International Economic Forum, Putin said Russia remains prepared to pursue a negotiated settlement based on a framework discussed with U.S. President Donald Trump during a meeting in Anchorage in August 2025.
He said Russia is ready to accept the compromises discussed at the meeting and expressed hope that the Ukrainian side would also agree to them.
Ukraine has previously rejected the Anchorage framework, as it calls for Ukraine to cede territory.
Meanwhile, Putin said Russian troops are advancing along the entire line of contact and have taken complete control of the Luhansk region, 85 percent of the Donetsk region and 80 percent of the Zaporizhzhia region.
Russia's Presidential Special Envoy Kirill Dmitriev said at the 29th St. Petersburg International Economic Forum on Thursday that despite efforts by forces seeking to prolong the war to disrupt talks between Russia and the U.S., bilateral engagement on Ukraine has made substantive progress.
Dmitriev dismissed reports that Russia-U.S. contacts have stalled, accusing other European nations of spreading disinformation to hinder the peace process.
Dmitriev also said that on Wednesday he had spoken by phone with U.S. President Donald Trump's special envoy Steve Witkoff and the president's son-in-law Jared Kushner and discussed bilateral economic cooperation.
He said the U.S. side had underscored the need to embrace peace rather than engage in constant provocations and confrontations.
The U.S. has been pushing for peace and Ukraine should join the process, Dmitriev noted, adding there were plans for further contacts with Witkoff and Kushner next week.
Later on Thursday, Ukrainian President Volodymyr Zelensky published an open letter to Putin, proposing to end the conflict through direct talks between the two leaders.
Relevant parties, including European countries and the U.S., should be part of the peace negotiations, the letter stated.
Ukraine is ready for a complete ceasefire during the talks and proposes an exchange of prisoners of war on the principle of "all for all," Zelensky also said in the letter.
Russia ready to talk with Ukraine at U.S. military base: Putin
Russia ready to talk with Ukraine at U.S. military base: Putin
