China’s competitiveness is driven by low taxation, not by industrial policy

Tags: Big Government, Bureaucracy and Regulation, Economic Freedom

08/20/2024 Mihai Macovei

Contrary to popular belief, China’s economy depends much less on central planning than in the past. China is strong in EV development, and the success is due not to government subsidies and direction but to plain good economics.

Original article: China’s competitiveness is driven by low taxation, not by industrial policy

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