China erupted in anger over the latest move by the U.S.

The spokesperson for the Chinese Ministry of Commerce stated that they strongly oppose the investigation initiated by the Biden administration in the United States into China's maritime, logistics, and shipbuilding sectors, describing the investigation under Article 301 as a clear indication of unilateralism and protectionism.

The spokesperson noted that the investigation, which was launched considering domestic political interests and aims to hinder China's development, undermines the multilateral trading system and violates international trade rules. They also criticized the recent sanctions imposed by the U.S. on numerous Chinese companies.

"THE U.S. SHARE IN THE SECTOR HAS ALREADY DECLINED"

The World Trade Organization (WTO) has determined that the additional tariffs imposed by the U.S. under Article 301 against China previously violated WTO rules.

The spokesperson for the Chinese Ministry of Commerce remarked that the investigation report announced on Thursday is filled with baseless accusations against China. They emphasized that the decline of the U.S. shipbuilding sector has nothing to do with China, pointing out that the global market share of U.S. companies had significantly declined long before China emerged as a major player in the sector.

CHINA: WE WILL TAKE NECESSARY STEPS

The spokesperson stated that China's maritime market has always been open to foreign ships and companies without discrimination, and that the industrial policies in this market treat both domestic and foreign enterprises equally.

In contrast, the spokesperson reminded that the Biden administration provides substantial subsidies to domestic sectors through the Inflation Reduction Act and the CHIPS and Science Act, most of which contain discriminatory elements. They expressed that these measures undermine the effectiveness and authority of WTO rules and are a real example of market-distorting practices. The spokesperson stated that they will closely monitor the actions of the U.S. and take necessary steps to protect the legal rights and interests of Chinese companies.