Industrial subsidies surge amid trade conflicts, China leads the pack
Trade disputes are prompting governments to boost industrial subsidies, with China providing the largest share.
While tariffs dominate headlines in international trade wars, states are increasingly turning to industrial subsidies as a strategic tool. In 2024, large firms across fifteen key sectors received record-level support. Data from the OECD show that China consistently offers the highest subsidies, surpassing three percent of company sales last year. Globally, the average subsidy share reached a historic high.
Why it matters
Rising subsidies reshape global competition, affecting market dynamics and trade policy.
In this story
industrial subsidiestrade warsgovernment supportOECD dataChinarecord levels
