Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/226413 
Year of Publication: 
2020
Citation: 
[Journal:] CESifo Forum [ISSN:] 2190-717X [Volume:] 21 [Issue:] 03 [Publisher:] ifo Institut - Leibniz-Institut für Wirtschaftsforschung an der Universität München [Place:] München [Year:] 2020 [Pages:] 42-48
Publisher: 
ifo Institut - Leibniz-Institut für Wirtschaftsforschung an der Universität München, München
Abstract: 
Subsidization in China is pervasive at numerous levels of government and appears to be an inherent element of Chinese state capitalism. Despite a severe lack of transparency, the available information seems to suggest that the extent of Chinese subsidies is extraordinarily large. Moreover, the resulting overcapacities could lead to considerable and increasing distortions on the world market in certain sectors. An initial assessment of the potential effects of the Covid-19 crisis on China's industrial policy model does not suggest a major change in subsidization policy. This constellation bodes ill for the future of the multilateral trading system.
Document Type: 
Article

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