China slams U.S. probe into its shipbuilding industry, says move is a ‘mistake on top of a mistake’

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China said it “firmly opposes” the U.S. investigation into its maritime, logistics and shipbuilding industries, calling the move a “mistake on top of a mistake.” In an official statement late Wednesday, China’s ministry of commerce said the U.S. provides hundreds of billions of dollars in “discriminatory” subsidies to its domestic industries, “yet accuses China of adopting so-called ‘non-market practices.’” “In fact, the development of China’s industries is the result of companies’ technological innovation and active participation in market competition,” the Chinese ministry said. On Wednesday, the Office of the U.S. Trade Representative initiated a probe into China’s maritime, logistics and...