According to the OECD report, how much did global industrial subsidies reach in 2024, and which sectors received the most support over 2005–2024?

Subsidies for the 15 industries covered by the OECD's MAGIC database reached $108 billion in 2024, only slightly below the 2023 peak, and as a percentage of firms' revenue, the level in both years was the highest since 2009. The sectors most subsidised between 2005 and 2024 were solar panels, semiconductors, aluminium, steel, and shipbuilding.

What does the OECD estimate regarding the disparity in government support between Chinese firms and OECD-based firms from 2005 to 2024?

The OECD said, at a conservative estimate, Chinese firms received on average three to eight times more government support than firms based in the OECD between 2005 and 2024.

OECD Says Global Subsidies Rebound, Especially in China

Jun 1, 2026

The OECD reports global industrial subsidies hit post-crisis highs in 2024, driven by China. Key sectors include aluminium, steel, and solar panels, with subsidies explaining up to 60% of market share gains for Chinese firms.

reuters

2026-06-01

OECD Says Global Subsidies Rebound, Especially in China

OECD Says Global Subsidies Rebound, Especially in China

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