this post was submitted on 18 Oct 2023
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Unsustainable Chinese state subsidy is not capitalism.
Every country does some level of industry subsidy. So it's kind of baked into capitalism now. And, technically, has been since the beginning.
yes, it is, USA also do that, and others countries with fossil fuel
Yes, and the EU largely responds in the sectors of US subsidy. Food imports are restricted. Airbus and Boeing are constant sources of trade spats, etc.
Chinese subsidy makes American subsidy look like childs play. Their response to China should match that discrepancy.
They are talking about car subsidies which China does and not all countries do in all markets.