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China's Subsidies for Listed Companies Total $33 Billion, Prioritizing Defense and Semiconductor Sectors


China’s Subsidies for Listed Companies Total $33 Billion, Prioritizing Defense and Semiconductor Sectors
China spent a whopping $33 billion on industry subsidies to listed companies in 2020. Among them, subsidies to semiconductor and defense enterprises increased significantly.
According to Japan’s Nikkei Asia, China’s subsidy spending was at a record high last year, and showed a 14 percent increase from 2019.
In the semiconductor industry, the regime’s total subsidies to 113 companies reached $1.6 billion, 12 times that of 10 years ago. China’s largest chip manufacturer, SMIC, not only received nearly $300 million in subsidies, its subsidiaries also received $2.25 billion from the country’s “Big Fund” program. ....

Administration Commission Of The State Council , Bdstar Navigation Co Ltd , Shenyang Aircraft Company , World Trade Organization , Technology Group , Big Fund , Xinhua News Agency , China National Petroleum Corporation , Nikkei Asia , Advanced Micro , Aircraft Company Limited , State Owned Assets Supervision , Administration Commission , National Petroleum Corporation , ஷேனிாங் வான்கலம் நிறுவனம் , உலகம் வர்த்தகம் ஆர்கநைஸேஶந் , தொழில்நுட்பம் குழு , பெரியது நிதி , சீனா தேசிய பெட்ரோலியம் நிறுவனம் , நிக்கி ஆசியா , நிலை ஓஂட் சொத்துக்கள் மேற்பார்வை , தேசிய பெட்ரோலியம் நிறுவனம் ,