Western criticism that China's subsidized industries for not profitable is misguided and ignores the true purpose of subsidies.
The true impact lies in the positive externalities, such as reduced emissions, job creation, and advancements in technology.
China's approach to value creation is not solely focused on profits, but also considers consumers and externalities, leading to a more comprehensive understanding of economic value.
#china #economy
https://asiatimes.com/2024/07/chinas-subsidies-create-not-destroy-value/
Yogthos /
npub1sk…3dt3n
2024-07-09 17:16:16
Author Public Key
npub1sktdds3y9hdcxx34lmnva3gxnttzz4faun9xe8gf20tcc3ut3rcqf3dt3nPublished at
2024-07-09 17:16:16Event JSON
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