U.S. Alarms Ring Over China's Cut-Rate Exports Buoyed by Billions in Subsidies

• U.S. warns China against flooding markets with cheaper goods to bolster struggling industries • China spends over $248 billion a year subsidizing industries, more than 2x the U.S. • U.S. especially concerned about Chinese solar panels and electric vehicles undercutting American companies • E.U. has also launched investigation into cheap Chinese EV imports, believes prices "artificially low" due to subsidies • China denies accusations, says auto industry success has provided affordable, quality products worldwide