China Spends Far More Than Others to Help Favored Industries, Report Finds

China spends more on supporting favored industries with state-directed capital, cheap loans and other government incentives, according to a new study. other major economies, according to a new study that is expected to intensify debate in Washington and elsewhere about Beijing’s use of industrial policy.

Research released Monday by the Center for Strategic and International Studies shows that China’s support for its companies amounted to at least 1.73% of gross domestic product in 2019 — most recent year for which comprehensive data is available — and the trend is continuing.

https://www.wsj.com/articles/china-spends-far-more-than-others-to-help-favored-industries-report-finds-11653235200 China Spends Far More Than Others to Help Favored Industries, Report Finds

Alley Einstein

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