In Trump’s China, industrial subsidies loom large

Business & Technology

Chinese government subsidies are playing a larger role in the country’s business operations, which could lead to trade tensions with Donald Trump once he takes office. “Almost 14 percent of listed, nonfinancial companies’ profits are attributable to government support, according to an analysis by Wind Info. That’s up from just under 5 percent six years ago. Even among private firms, many of which have state shareholders, 11 percent of profits come from the state.”

Sky Canaves

Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade’s experience living, studying and working in China. Read more

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