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This is a sound tactical move to provide a hedge against future US economic threats. Strategically, I do think you want to be coming up with a plan to shield c
by theptip 9mo ago
This is a sound tactical move to provide a hedge against future US economic threats.
Strategically, I do think you want to be coming up with a plan to shield core industries like auto, shipping, energy, and some parts of manufacturing (eg “factories for factories” rather than “factories for consumer goods”) from dumping / state subsidies.
It might be OK to let the PRC subsidize your solar cells, assuming you can build wind instead if they try to squeeze you. It’s probably not wise to depend on PRC for your batteries, drones, and cars, where these are key to strategic autonomy and you don’t have an alternative.
- ActionHank 9mo agoThe world already relies on them for drones and batteries, often cars.
- theptip 9mo agoYes, of course, that is what I’m saying you need to change.
- bigbadfeline 9mo agoYou change that by developing a competitive industry. You can use China to help with that, and don't blame them, subsidizing everything is impossible, that's not the reason for their success. Instead, try to explain your own failure - like high barriers of entry, meager competition, etc.