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The 51% ownership clause is a subsidy. Chinese government still subsidies construction industry and the manufacturing sector, as well as tech[0] At least 3% of

The 51% ownership clause is a subsidy. Chinese government still subsidies construction industry and the manufacturing sector, as well as tech[0] At least 3% of the entire state budget is dedicated just to subsidies, this does not include tax breaks or other special incentives and this has been growing steadily[1][2] [0]: https://www.uscc.gov/files/000566 https://www.uscc.gov/files/000566 [1]: https://www.washingtonpost.com/business/economy/initial-us-china-trade-deal-has-major-hole-beijings-massive-business-subsidies/2019/12/30/f4de4d14-22a3-11ea-86f3-3b5019d451db_story.html?outputType=amp https://www.washingtonpost.com/business/economy/initial-us-c... [2]: https://asia.nikkei.com/Economy/Trade-war/China-corporate-subsidies-swell-further-in-2019-as-US-cries-foul https://asia.nikkei.com/Economy/Trade-war/China-corporate-su...

nl 5y ago
Do you happen to know what the US equivalent is? Reading [1] it said the company that received the most was Sinopec, with US$450M. But according to [2], Boeing has received over $15B in subsidies since 2000, so roughly comparable. And that doesn't count tax breaks[3] and doesn't seem to include agricultural subsidies which are huge in the US/ [1] https://asia.nikkei.com/Economy/Trade-war/China-corporate-subsidies-swell-further-in-2019-as-US-cries-foul https://asia.nikkei.com/Economy/Trade-war/China-corporate-su... [2] https://subsidytracker.goodjobsfirst.org/top-100-parents https://subsidytracker.goodjobsfirst.org/top-100-parents [3] https://taxbreaktracker.goodjobsfirst.org/prog.php?detail=state_list https://taxbreaktracker.goodjobsfirst.org/prog.php?detail=st...