China Leads Economic Shift to Industrial ‘Doping,’ OECD Says

OECD says industrial subsidies are back at post‑2008 highs, reshaping markets and stoking trade tensions between major economies.
China is the standout — its firms receive roughly 3–8× more support than OECD peers, with semiconductor aid near 10% of revenues versus a ~2% global average.
The OECD warns subsidies can distort competition: they lower prices short‑term but may hurt innovation, productivity and fair play long‑term.