China’s industrial subsidies have long been a source of tensions with Western nations. Photo: AP
China’s industrial subsidies have long been a source of tensions with Western nations. Photo: AP
China trade

Explainer |
China’s industrial subsidies: what are they and why are they a source of tension with the West?

  • Subsidies are widely used by different levels of government in China to aid economic development, but they are a long-standing source of tension with the West
  • Beijing has defended its subsidy policies, a legacy from its days as a planned economy, saying the issue is being used to block China’s development

China’s industrial subsidies have long been a source of tensions with Western nations. Photo: AP
China’s industrial subsidies have long been a source of tensions with Western nations. Photo: AP
READ FULL ARTICLE