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The WTO is scheduled to announce in a report to be published next week: "The Chinese government has implemented various methods, including levying export tax, reducing discounted VAT on external sales of goods, and other export restrictions, including licensing and quota restrictions, to curb massive And the number of products that continue to increase exports." WTO believes that some of these measures have been in line with international obligations.
However, the report believes that many of the restrictions are also intended to reduce the export volume of certain foreign products that use natural resources or energy, such as textiles and steel products, while reducing the trade surplus with other countries to reduce trade friction.
In China, the United States, and the European Union, there have been several large-scale trade disputes in textiles, leather shoes, and auto parts in recent years.
WTO: China's foreign sales system is "more restrained" than in the past
After reviewing China’s trade policy, the World Trade Organization (WTO) found that China’s export system has been “more restrained†than it used to be in terms of efforts to eliminate the huge trade surplus with other countries.