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.
Trade war
China corporate subsidies swell further in 2019 as US cries foul
Handouts up 15% so far, with Sinopec and carmakers receiving the most
An employee pastes a "Made in China" sticker on the box of a smart television, which will be exported to the U.S., at a television factory under Zhaochi Group in Shenzhen. © Reuters
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