China denies conducting study on EU telecom subsidies
A large European Union flag is put up at the newly-reconstructed EU Commission building in the capital Sarajevo on June 16, 2008, to mark the signing of Bosnia's first formal pact on closer ties with the bloc in Luxembourg. REUTERS

China's Commerce Ministry on Friday denied conducting a study on European Union subsidies for telecom firms, and said any such protectionist measure is unacceptable.

The ministry, in a statement statement, said it would pay close attention to information about alleged European telecom subsidies in a report referred to by the Wall Street Journal.

Earlier this week the WSJ reported that a study by the Chinese ministry had found that EU member countries had provided funds, including 9.1 billion euros ($12.5 billion) for research and development, to three large European telecom-equipment manufacturers between 2007-2013.

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