China Offers More State Support to Industry Than Others – WSJ

China’s state support for its industries through cheap loans and other moves is much more as a share of gross domestic product (GDP) and in dollar terms than other major economies, The Wall Street Journal reported, citing a study by the Center for Strategic and International Studies scheduled to be released on Monday.

Beijing’s state spending to prop up its companies was at least 1.73% of GDP in 2019, the most recent period for which comprehensive data is available, compared with South Korea’s 0.67% of GDP and the US’s 0.39% of output, the report added.

Read the full report: The Wall Street Journal.

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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