In Trump’s China, industrial subsidies loom large
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.”
