LONDON (UK) – Trade minister Liz Truss will tell the World Economic Forum on Friday that the country would work with the European bloc, Japan and the US to crack the whip on what it terms unfair behaviour by China-owned enterprises.
“We want action on subsidies and state-owned enterprises, which can undermine genuine free trade and have to stop being used unfairly – That means being more consistent in enforcing our current system, and bringing in new rules,” Truss will say, according to advance extracts of her speech.