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Emeritus Prof. Christopher May
@ChrisMayLA6@mastodon.me.uk  ·  activity timestamp 3 days ago

What separates China from other countries is aid directed at the private sector (in general) but rather how its directed.

US & EU aid (of various sorts) is the mechanism by which damage from globalisation is managed; in China the focus is on its export strategy; sectors getting most support are those that the Chinese state wants to see expand their exporting.

This is likely about democracy (US/EU Govt's responding to voters' pain) while in China that plays little role?

#China #exports
h/t FT

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