Report: China Spends Billions of Dollars to Subsidize Favored Companies

"It's not surprising that government subsidies are as wide and deep as reported," Doug Barry, a senior director with the US-China Business Council, told VOA in an email exchange. "Such substantial subsidies are unfair to foreign non-subsidized competitors, including many US companies. The subsidies appear to violate the spirit if not the letter of WTO rules and principles." Barry said that US companies that do business in China had hoped that the issue of subsidies would be part of a "Phase Two'' negotiation between Washington and Beijing, following an agreement the Trump administration reached with Beijing in 2020.