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How China Pulled So Far Ahead on Industrial Policy (www.nytimes.com)

submitted 5 months ago by [email protected] to c/[email protected]

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But no country has come close to matching the scale and tenacity of China’s support. The proof is in the production: In 2022, Beijing accounted for 85 percent of all clean-energy manufacturing investment in the world, according to the International Energy Agency.

Now the United States, Europe and other wealthy nations are trying frantically to catch up.

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[–] [email protected] 0 points 5 months ago (2 children)

Easy to do that when you can literally just control the market and the slave labor camps... Oh and when you are a fascist dictatorship.

[–] [email protected] 0 points 5 months ago

I wish we thought about it before letting them join WTO.

[–] [email protected] 0 points 5 months ago

There are a lot of other things China does, including:

Free/cheap land for factories
Assurances that a market will be available for the resulting product
Low-interest loans to businesses in favored industries
Grants to businesses in favored industries
Assurances that a market for the product will exist
Barriers to purchasing from abroad

Some of these can be replicated in the west without impinging on freedom in any kind of meaningful way