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Commentary: China is smarter about subsidies than everybody else

Beijing is stealing a march on its competitors by targeting strategic sectors, says Gillian Tett for the Financial Times.

CNA Latest News Captured Aug 1, 2026, 11:57 PM
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Beijing is stealing a march on its competitors by targeting strategic sectors, says Gillian Tett for the Financial Times.

Cyclists ride past high rise office buildings in the central business district, in Beijing, China, Saturday, Aug.

LONDON: What is driving the explosion of Chinese exports, which hit almost US$4 trillion last year? That question is creating deep angst among non-Chinese policymakers amid fears of a second “China shock”.

It is an issue I have been considering myself recently, having just crossed China in an electric vehicle Silk Road convoy, where I saw up close the startling quality of its EVs, green tech and artificial intelligence.

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