4 ms·
This is bs. Both German and Italian auto industries e.g. have received countless money. FIAT alone got an equivalent of 200B+ euros in state/regional aid in I
by epolanski 3mo ago
This is bs.
Both German and Italian auto industries e.g. have received countless money.
FIAT alone got an equivalent of 200B+ euros in state/regional aid in Italy alone (that's ignoring the generous incentives of all the countries they opened plants).
- kasey_junk 3mo agoThrough capital and currency controls, the yuan is structurally undervalued between 9 and 25% depending on your source. That’s a direct transfer from the Chinese consumer to the Chinese exporter. That’s hundreds of billions of dollars before we get to cash subsidies, IP subsidies, central direction, property right differences etc. The Chinese approach is so different than the western approach that there isn’t broad consensus on how to quantify it, but it’s for sure more than the direct subsidies that something like the WTO was built to negotiate.