China Leads Economic Shift to Industrial ‘Doping,’ OECD Says (1)

Industrial subsidies are reshaping the global economy with China standing out as a provider of state support that risks harmful distortions, according to new data from the OECD.

Government aid for the world’s largest manufacturing groups in 15 key sectors reached levels in 2023 and 2024 not seen since the global financial crisis, marking a structural change, the Paris-based organization said Monday.

China is a standout in the database that the OECD made public on Monday, with firms based there receiving three to eight times more government support than member-countries of the organization. That’s considerably more ...