China said it "firmly opposes" the U.S. investigation into its maritime, logistics and shipbuilding industries, calling the move a "mistake on top of a mistake."
In an official statement late Wednesday, China's ministry of commerce said the U.S. provides hundreds of billions of dollars in "discriminatory" subsidies to its domestic industries, "yet accuses China of adopting so-called 'non-market practices.'"
"In fact, the development of China's industries is the result of companies' technological innovation and active participation in market competition," the Chinese ministry said.
On Wednesday, the Office of the U.S. Trade Representative initiated a probe into China's maritime, logistics and shipbuilding industries, alleging that Beijing used "unfair, non-market policies and practices" to dominate these sectors.
"By launching a new Section 301 investigation, the U.S. is making a mistake on top of a mistake," the China's commerce ministry said.
Persons:
Joe Biden, Xi Jinping, China's
Organizations:
Economic Cooperation, U.S . Trade, Trade
Locations:
Asia, Woodside , California, China, U.S, Beijing