American companies are more heavily subsidised than Chinese companies

When the time comes, the Chinaman will cook the cocky USA into chicken soup. The USA is now at a loss as to how to counter China in so many sectors. Most sectors producing things in the USA are rendered uncompetitive, but the narrative is always about unfair subsidies by the Chinese Government. Did anybody think about the tens of billions in subsidies by the USA Government trying to lure chip makers to build logistics in the USA? Those tens of billions in subsidies dwarfs what China is doing, but nobody seems to take note. What the USA did itself, it accuses others of doing it - so said Putin.

China is able to produce products cheaper with its cheaper energy from Russia and Iran, its hold over most raw materials it needs, its use of robotics in factories needing less manpower, a skilled workforce resulting from universities churning out skilled engineers that had been horned in specialties for the job. China is now the top dog in innovation. China holds more patents filed than any country in the world, including the USA.


Anonymous