Subsidies to the Chinese Glass Industry, 2004-2008
Between 2003 and 2008, China’s glass industry grew at an astounding rate — just as American glass manufacturers began laying off thousands of workers. Through China’s Looking Glass examines how an explosion of government subsidies corresponded to the rise of this particular Chinese industry.
Resources
Through China’s Looking Glass
Subsidies to the Chinese Glass Industry, 2004-2008
The Takeaways
From 2003 to 2008, glass production in China has increased by more than $576 million — more than 67 percent.
Meanwhile, China’s glass and glass-products industry received total subsidies approximating at least $30.29 billion from 2004 to 2008.
From 2001 to 2008 the U.S. glass industry lost almost 40,000 jobs, a decrease of nearly 30 percent, according to the U.S. Department of Labor.