The European Commission says China hasn’t been playing fair in that its government has been paying subsidies through “direct transfer of funds,” among other actions, reports Reuters – which the EC says tips the balance in China’s favor and leaves European automakers out to dry.
Back in October 2023, Europe launched its formal investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the European Union.
Sorry, haven’t almost all our European industries relied heavily on government subsidies, privatization of previously public entities, protectionism and so on? China is a socialist country, of course the government is subsidizing production. The reality is that China is outcompeting capitalist Europe (now sacrificed by the US) on capitalist terms. This move seems like an abandonment of free market laissez faire thinking in favour of mercantilism/outright iron curtain, while blaming it on the other guy.
Well, yeah, it’s complicated and all that, but still. For instance, did you know Huawei is a cooperative? I just learned.
Well, yeah, it’s complicated and all that, but still. For instance, did you know Huawei is a cooperative? I just learned.
Everything depends on the central government in China, whether it is a cooperative, a listed company, or a single person critical of the CCP. In tbe end, nothing happens without a highly centralized government.
