I find it amusing that Chinese subsidies are painted as something terrible for the rest of the world and not China. You can a get high-tech cars for cheap, at China's expense! Chinese taxpayers are paying to upgrade your car!
(yeah, it's really about protecting local manufacturing that has fallen behind and can't compete, despite having its own domestic subsidies)
Exactly. Why shouldn't people take advantage of a tech startup's ridiculous prices backed by VC money? Why shouldn't people buy cheap EVs backed by Chinese tax payers?
It has been noted that if your competitor is paying out of pocket to flood the market with cheap goods, the optimal strategy is to buy up as much of the cheap goods as you can.
(yeah, it's really about protecting local manufacturing that has fallen behind and can't compete, despite having its own domestic subsidies)