China says U.S. aluminum complaint lacks factual basisStaff Writer | January 14, 2017
China hit back at a U.S. trade complaint against the country's aluminum industry, saying the allegation had no basis.
Trade dispute A trade complaint with the WTO
China regrets the U.S. decision to file the complaint but will properly handle the issue according to WTO rules, the Ministry of Commerce said in a statement on its website.
"China's aluminum market is a highly competitive and commercialized industry, and relevant loans and raw material purchases have been fully marketized," it said, adding that the alleged subsidy problem does not exist.
Overcapacity facing certain industries is a global problem, whose root cause is a tepid global economic growth and weak demand, a common challenge that needs to be tackled through shared efforts, the statement said. ■