AutomobilesState support shrinks as local governments face fiscal pressureThe Ora 5 from Great Wall Motor is displayed at the Beijing auto show on April 24. The company, which topped the list of state subsidy recipients last year, is increasingly pushing exports. © ReutersKENJI KAWASEMay 14, 2026 14:49 JSTTOKYO -- Two leading Chinese automakers took in the largest amount of government subsidies among all listed companies in the country last year, while a "teapot" oil refiner recently sanctioned by the U.S. over alleged links to Iran emerged as another major recipient.
China carmakers get most subsidies; US-sanctioned oil refiner also benefits
State support shrinks as local governments face fiscal pressure
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