Awesome research. This line really stood out: “Discussions around China’s industrial policy regularly talk about “subsidies” without really knowing what that means.” Would be interested in a similar analysis of defense industry (or some subsection, like those involved in drones or hypersonic capabilities.) My own Substack covers some firms involved in PLA C4ISR systems. https://ordersandobservations.substack.com
Awesome research. This line really stood out: “Discussions around China’s industrial policy regularly talk about “subsidies” without really knowing what that means.” Would be interested in a similar analysis of defense industry (or some subsection, like those involved in drones or hypersonic capabilities.) My own Substack covers some firms involved in PLA C4ISR systems. https://ordersandobservations.substack.com
Pretty shocking how little subsidies the SMEs actually received. In comparison, Biden gave out, what, 65 billion for rural internet?
Am I understanding this right?