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How China Rose To Lead The World In EV Cars And Solar Panels

18 May 2024 | Abstracted from Economic Times

"The plan was for China to replace key imports in 10 advanced manufacturing industries by making its own products. The state-controlled banking system directed loans to those key sectors...more than 99% of Chinese companies whose stock trades publicly received direct government subsidies in 2022...

"China's top leaders have heavily subsidised the research and production of battery electric cars for the past 15 years."



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