China agrees to discuss state subsidies to firms to allay EU concerns

China agreed to address EU concerns over state subsidies to industrial firms, European Council President Donald Tusk said after a summit in Brussels with Chinese Premier Li Keqiang.

“Both sides will intensify the discussions with the aim of strengthening international rules on industrial subsidies,” the two global trading powers said in a joint statement.

Premier Li told reporters that China was ready to foster a better business environment for foreign firms.
Source: Reuters (Reporting by Philip Blenkinsop; Writing by Alastair Macdonald)