Singling out Huawei, China's premier defends tech rise, rejects subsidy claims
Published on: June 24, 2026, 11:06 a.m. | Source: The Economic Times
China's Premier Li Qiang has pushed back against claims that state subsidies fuel the nation's tech advancements in areas like AI and EVs. Speaking at a World Economic Forum summit, he attributed China's innovation to substantial firm investments, citing Huawei's resilience against foreign restrictions. Analysts warn of a potential European trade front mirroring US concerns over Chinese state support and its impact on critical technologies.
