More Evidence that China Cannot Sustain Their Technology Lurch

The article in evidence is from an opinion from India, which is most likely a paid propaganda piece. But the raw numbers alone in this article show that China cannot sustain what they are doing -- especially if they are cut off from the US. It is likely that officials in California have seen these programs and do not realized this is a disaster.

I've quote two sections from the piece on PHOTOVOLTAIC & ELECTRIC VEHICLES. Emphasis in quotes added.

PHOTOVOLTAIC

 ++ including refunds for interest on loans

China also offered many forms of support to photovoltaic manufacturers. For example, producers could access cash grants of between ¥200,000 and ¥300,000 ($30,900 to $46,300) available to high-tech startups that are less than three years old with no more than 3,000 employees. Large “demonstration projects” by manufacturers get grants of up to ¥1 million. The China Development Bank, offered low-interest loans of several billion dollars for major production plants. The bank reportedly provided $30 billion in low-cost loans to photovoltaic manufacturers in 2010. A number of Chinese provinces offered further incentives, including refunds for interest on loans and electricity costs, 10-year tax holidays, loan guarantees, and refunds of value-added taxes. To open its production plant in China, Massachusetts-based Evergreen Solar was reported to have received $21 million in cash grants, a $15 million property tax break, a subsidized lease worth $2.7 million, and $13 million worth of infrastructure such as roads.

ELECTRIC VEHICLES

++ aimed to have 100 million EV by 2020

China’s Ministry of Industry and Information Technology hasalready invested around ¥100 billion ($15.2 billion) by 2020 in subsidies and incentives over the past 10 years to support new-energy vehicle production. The government had set a target of selling 1 million electric vehicles a year by 2015 and aimed to have 100 million by 2020. The government also offered a $9,036 subsidy to buyers of electric cars and subsidized fleet operations in 25 cities. By 2018, China was manufacturing 1.2 million electric vehicles.

NOTE: It is unlikely they have met their 100 million EV goal.

The National Development and Reform Commission also identified lithium-ion cells and batteries as strategic industries, and several government programs subsidize China’s industry through investment and tax credits, loans, and research grants. To give its domestic industry an extra edge, the government essentially requires foreign battery companies to manufacture in China if they wish to sell there. Another major “Atmanirbhar” policy of China.

  

The Story Of China’s Rise To Technological And Economic Leadership
https://www.outlookindia.com/website/story/opinion-the-story-of-chinas-rise-to-technological-and-economic-leadership/361065
28 September 2020