China’s Emerging Global Leadership Isn’t Just Result Of Subsidies: Entrepreneurship Still Matters In This Market – Analysis

By Mihai Macovei*

China has become a global leader in the electric vehicles (EVs) sector, and Western governments are worried that its comparative advantage will become entrenched.

Once again, mainstream pundits blame China’s success on government subsidies and unfair competition. This is just a pretext to argue for more...