OECD Report Claims China's $108 Billion Annual Subsidies Drive 60% of Global Market Share Growth

According to reports today, the Organization for Economic Cooperation and Development (OECD) released a report claiming that Chinese enterprises' 60% share of global market growth in 15 key industrial sectors since 2005—including automobiles, shipbuilding, and solar energy—can be attributed to subsidies. The organization stated total global subsidies reached 108 billion pounds in 2024, with 52% originating from China.

In response, China's Foreign Ministry Spokesperson Mao Ning stated that Chinese enterprises' competitiveness stems from market-driven competition, continuous technological innovation, global business expansion, and economies of scale from a massive domestic market. Mao added that China's industrial subsidy policies adhere to open, fair, and WTO-compliant principles, and noted that industrial subsidies are widely used by nations globally.