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Subsidies Do Not Explain China’s Competitiveness

Like every major economy, China uses industrial policy, and its subsidies have mattered. But subsidies are no longer the most convincing explanation for Chinese firms’ emergence as global leaders in industries that used to be the exclusive domain of advanced economies.

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  • 100% of the sources lean Left
100% Left

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Project Syndicate broke the news in Prague, Czechia on Friday, July 17, 2026.
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