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.

The Chinese premier made the speech at the opening plenary of the 17th Annual Meeting of the New Champions in Dalian.

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…