CASS Scholar Challenges OECD Benchmark for China Subsidy Estimates

A CASS scholar argues that the OECD's methodology for estimating Chinese subsidies, particularly its treatment of below-market borrowing, may significantly overstate subsidy levels. The critique targets the benchmark used to measure state support, potentially affecting international trade negotiations and perceptions of China's industrial policy. The claim is an analytical argument rather than a confirmed finding, with uncertainty about the actual magnitude of any overestimation.