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The Consequences of Chinese Subsidies

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The Consequences of Chinese Subsidies
BYD electric cars for export waiting to be loaded on the "BYD Explorer NO.1," a domestically manufactured vessel intended to export Chinese automobiles, at Yantai port, in eastern China's Shandong Province, on Jan. 10, 2024. STR/AFP via Getty Images
Christopher Balding
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China likes to claim that it has become a manufacturing powerhouse due to its competitiveness and ruthlessness. However, the reality is decidedly not as favorable to the supposed brutality of “free market socialism” that the Chinese regime likes to portray. How much have subsidies and financial assistance from Beijing helped Chinese firms?

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.
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