GUANGZHOU -- China has roughly doubled its industrial subsidies since 2013, with further increases expected this year, creating a massive sticking point for the next phase of trade negotiations with the U.S.
The Chinese government doled out 156.2 billion yuan ($22.4 billion) of subsidies in 2018 to companies listed on the Shanghai and Shenzhen stock exchanges, Nikkei has found, based on data from financial research firm Wind.
