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US committee finds China is subsidizing American fentanyl crisis
China is directly subsidizing production of illicit fentanyl precursors for sale abroad and fueling the U.S. opioid crisis‚ a U.S. congressional committee said on Tuesday‚ releasing findings from an investigation it said unveiled Beijing's incentives for the deadly chemicals.
China continues to provide subsidies in the form of value-added tax rebates to its companies that manufacture fentanyl analogues‚ precursors and other synthetic narcotics‚ so long as they sell them outside of China‚ the...