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China's state subsidies up to eight times more than OECD's, report says
Chinese state subsidies have hit record levels, climbing to nearly 10% of company revenue in the chip sector and distorting markets, according to a new OECD report, published as the EU mulls new measures to counter Beijing's aid. Chinese companies received between three and eight times more subsidies than Western firms between 2005 and 2024, according to a report published on Monday by the Organisation for Economic Co-operation and Development (OECD). The findings come as European...