Fact of the Week: Chinese Firms Received 3 to 8 Times As Many Subsidies Between 2005 and 2024 As Competitors in OECD Countries

China’s Rise As No. 2 Economic Power Has Created Worldwide Industrial Subsidies Trend

Subsidies across 15 key industrial sectors have reached their highest levels relative to revenue since the 2008-2009 global financial crisis, according to an OECD study published June 1.According to them, total subsidies accounted for just 1.3 percent of a company’s revenue, on balance, or around $108 billion in 2024. It does not look like a high number in percentage terms, but it was the second highest level of subsidies-to-revenue since the Gr…

OECD Report Fuels Growing Concerns Over China’s Subsidy-Driven Model

News Analysis A new report from the Organization for Economic Co-operation and Development (OECD) is likely to intensify an already contentious debate in the West over China’s use of state subsidies. At a time when U.S. and EU policymakers are increasingly focused on Chinese industrial overcapacity, government support programs, and supply-chain security, the report finds that nearly 60 percent of the global market-share gains achieved by Chinese…

Fact of the Week: Chinese Firms Received 3 to 8 Times As Many Subsidies Between 2005 and 2024 As Competitors in OECD Countries

Between 2005 and 2024, Chinese firms received approximately 3 to 8 times more subsidies as competitor firms in the Organization for Economic Cooperation and Development.