
SHANGHAI -- China spent a record 213.6 billion yuan ($33 billion) in industry subsidies in 2020, eager to shore up key sectors including semiconductors and defense in its heated technology race with the U.S.
State spending raises concerns as Washington weighs similar program
SHANGHAI -- China spent a record 213.6 billion yuan ($33 billion) in industry subsidies in 2020, eager to shore up key sectors including semiconductors and defense in its heated technology race with the U.S.
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