ChinaChinese firms got 3 to 8 times more state support than rivals, a 2026 report finds.
Li Yuankun of the Chinese Academy of Social Sciences says one interest-rate choice can inflate the estimate.
The Organisation for Economic Co-operation and Development benchmarks below-market loans to China’s Loan Prime Rate, Li says, not comparable interbank or bond yields.
Washington and Brussels are again arguing subsidies over Chinese electric vehicles, solar panels and steel.
How each outlet framed it
- Pekingnology
- emphasizes that using China's Loan Prime Rate as the benchmark can significantly inflate OECD subsidy estimates
Sources: Pekingnology