What Did the Chinese Government Do Right with Electric Vehicles?
What exactly is China's "industrial policy"?
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2024, the projected revenue in China's Electric Vehicles market is expected to reach a staggering US$319.0bn. Today's achievements have their roots in over 20 years ago. So what happened during those 20 years?
Feng Kaidong, Lei Shaohua, May, 2024
In recent years, the U.S. and the European Union have ramped up their accusations against China’s vehicle industry for alleged unfair competition due to government subsidies and industrial policies. Little do they know of the on-the-ground situation where it is not the beneficiaries of government support who are leading the Chinese EV car industry, and that a significant portion of the subsidy never served its purpose, ending up in scandalous frauds.
So, what role has Chinese industrial policy played in the development of new energy vehicles? Is it a well-funded gambler or a far-sighted strategist?
“Wenhua Zongheng” , a quarterly journal on Chinese thoughts discussed the issue with leading public policy researchers Feng Kaidong …
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