Private pensions have become pernicious financial vehicles allowing older generations to secure disproportionate subsidies at the expense of younger workers, prompting calls for tax break equalisation.
OECD report reveals Chinese companies' global market share surge over 20 years is largely due to government subsidies, which are 3-8 times higher than those for competitors in developed nations. This support has driven over 60% of their market share growth, though it hasn't significantly boosted productivity or profitability.
An OECD report reveals China's 15 key industries received $108 billion in state subsidies in 2024, significantly outcompeting foreign rivals and distorting global markets. These subsidies, including direct payments, tax breaks, and preferential loans, have fueled China's market share growth and led to overcapacity and price suppression.
A new OECD report reveals Chinese companies received 3-8 times more state subsidies than Western firms between 2005-2024. The report warns of market distortions and excess capacity, as the EU investigates unfair trade practices.
