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Jonathan Cheng @JChengWSJ on x 85.9K followers
Created: 2025-07-20 02:45:00 UTC
@QiLiyan @mazzocco_ilaria @CSIS China’s industrial policy spending, including direct state subsidies to firms and tax incentives, was XXX% of its GDP in 2019, far above other major economies, according to CSIS. The trend likely continued following the pandemic, Mazzocco said.
XXXXX engagements
Related Topics pandemic gdp tax bracket