The Organization for Economic Cooperation and Development (OECD) has found that state subsidies helped drive nearly 60 percent of Chinese firms’ gains in global market share.
The OECD report, released on June 1, said that, compared with other firms based in OECD countries, Chinese firms received an average of three to eight times more government assistance between 2005 and 2024.
Using firm-level data from its Manufacturing Groups and Industrial Corporations database, known as MAGIC, the Paris-based organization tracked subsidies received by major companies across 15 industrial sectors.
Unlike government disclosures, the database focuses on what firms actually receive in grants, tax benefits, and below-market financing.
The OECD said the database offers a rare look into subsidy programs that are often difficult to measure, particularly in China….
OECD Links 60 Percent of Chinese Firms’ Market Gains to State Support
