Over the past 15 years, the Chinese government has made significant efforts to promote innovation-driven growth through industrial policy and corporate subsidies. In a new study, researchers examined government subsidies to businesses in China to determine whether they are making firms more productive. The study found that China's rising wave of subsidizing businesses has had limited effect on promoting the firms' productivity.
retrieved 10 October 2023 from https://phys.org/news/2023-10-chinese-corporate-subsidies-effect-firms.html
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