has blocked requests by the US and Mexico for a World
Trade Organisation (WTO) investigation in to alleged
industrial subsidies that contravene the WTO agreement,
saying that it had already taken active measures to
reform its corporate tax structure
said that the measures cited by the two companies were
fully consistent with WTO subsidy rules.
news agency quoted the Chinese trade delegation as telling
a meeting of the WTO''s dispute settlement body in Geneva
that it was puzzled by by the complainants'' decision
to initiate proceedings for an investigation.
charged that the US and Mexico with having included
"several non-existent measures" that could
only prove their "misunderstanding."
the reasons mentioned, China is not able to accept the
establishment of a panel at this meeting," it said.
February this year the US had complained to the WTO
accusing China of using tariffs to limit imports, saying
that such measures violated WTO rules. Subsequently,
Mexico later joined the US in a complaint to the WTO.
two countries had already held two rounds of consultations
with China on the so-called subsidies, which Washington
said were "constructive."
they insisted that the WTO panel process would continue
because their concerns had not been resolved.