According to the Organisation for Economic Co-operation and Development (OECD), Chinese companies operating across 15 heavy and strategic industries benefited from substantial government backing between 2005 and 2024. During this period, these firms received, on average, three to eight times the level of government support compared to similar businesses in many developed economies.
Economy
OECD report highlights significant government support for Chinese strategic industries
Data from the OECD reveals that Chinese firms in 15 strategic sectors received three to eight times more government support than their counterparts in developed nations between 2005 and 2024.
Source: The Business Standard