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Later this month Eurofer is to publish a study on the Chinese steel sector, accusing the Chinese government of illegal subsidies in an attempt to force the European Commission to take trade defence action
Until April 2004, no WTO member had ever initiated any countervailing (anti-subsidy) investigations against China, essentially on the grounds that the Chinese economy did not yet entirely function as a market economy and, hence, it is not easy to calculate the levels of subsidy granted to Chinese companies (or more bluntly: everything could be a subsidy in China’s state-controlled economy
