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Whatever the number is in the west, China has on average ~ 10x the amount of subsidies than the west when it comes to manufacturing. Policy makers are trying t
by mensetmanusman 1y ago
Whatever the number is in the west, China has on average ~ 10x the amount of subsidies than the west when it comes to manufacturing.
Policy makers are trying to decide whether it’s too risky to shut down all manufacturing of heavy machine capable industries and hand it over to China.
- hearsathought 1y ago> Whatever the number is in the west So you don't know what the number is? > China has on average ~ 10x the amount of subsidies than the west when it comes to manufacturing. And yet you just randomly decide to 10X it for china? Typical disingenuous anti-china nonsense. What's next? China spends 10X on defense compared to "the west"?
- mensetmanusman 1y agohttps://home.treasury.gov/news/press-releases/jy2455 https://home.treasury.gov/news/press-releases/jy2455
- bryanlarsen 1y agoChina obviously does not subsidize $75,000 per car. European analysis resulted in an 18% offsetting duty, meaning Chinese subsidies are lower than American ones.
- mensetmanusman 1y agoNo it’s not focused on vehicles, that’s the average subsidy on manufacturing. According to the treasury dept (and the EU): https://home.treasury.gov/news/press-releases/jy2455 https://home.treasury.gov/news/press-releases/jy2455
- ferguess_k 1y agoWest simply decided to de-industrialize itself (at least some countries, not all of them) and asked the other countries to do the dirty work for them so they can focus on finance and such, so of course the West has less subsidies -- and no one is forcing the West's hand NOT to give subsidies. Now it takes triple hard to pick it back, if the West really wants.