If IP protection & court of law existed in China, most of these companies would be sued.
You do know Tesla has received 3 billion dollars in subsidies to date from the US govt right? So this argument around bankruptcy of new technology disruptors can be applied anywhere - it’s is inherently very risky business to enter a new and untested space. I’ve also seen top of the range Chinese EVs and the technology in them is incredible - ahead of anything else I’ve seen on the western market (I’d still rather drive a taycan though). It’s a tad ignorant to say they would be sued for IP infringement as if they don’t have very smart and talented engineers over there also developing things.
@ParliamentTacosForward2wks2W
Receiving subsidies or tax cuts for investment into new manufacturing is nothing new. However receiving subsidies for cutting prices below cost in order to drive competition out of the market is against WTO rules & most Chinese manufacturers are violating this rule with the support of the their government.
I hope you do realize whom they subsidized for over 40 years in the end: the Western consumer. I hope you also realize what the competition is mainly about: outright commodities like steel, commodity products like consumer goods, solar panels or cheap entry EVs. Strategic items have never been shared with China to start with and eg chips people talk about are those from your washing machine. Ask Nvidia whether they share their top chip tech with China. No need for Biden to tell them. But let's build barriers and increase the cost of the consumption basket to stoke inflation and reduce… Read more
