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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