China never claimed to be free market. Only the US previously used to believe that their own free market system is more efficient than state capitalism until it was proven otherwise.
Now the US is trying to compete with China by copying China’s state capitalism.
Is it still “free trade” when the government pours billions into subsides over the last decade?
https://asia.nikkei.com/Spotlight/Electric-cars-in-China/China-gives-EV-sector-billions-of-yuan-in-subsidies
China never claimed to be free market. Only the US previously used to believe that their own free market system is more efficient than state capitalism until it was proven otherwise.
Now the US is trying to compete with China by copying China’s state capitalism.
You tell me.
Tesla to get US$41 billion in government subsidies over made-in-US EVs and batteries
Those subsidies apply to any vehicle built in the US whether it’s a German, American, Korean, Japanese, or Chinese company.