J
jbcarioca
Guest
Were you to actually have data it would be useful. I never want to argue that everything Chinese government people do is honorable. However you send paragraph is probably true, I suppose, if you know nothing about any Chinese Enterprises. Zero question that many are heavily subsidized, some even more than are Boeing, Exxon-Mobil and Archer-Daniels-Midland to name only three. Subsidies work in different ways in different places. The Chinese tend to not hide. The US tries to make subsidies that are hard to understand by common people, like 'carried interest' and 'depletion allowances' to name two. ExIm Bank has been another.I work in a field where I see IP theft daily from Chinese and Russian IP addresses (datacenter security services). I guarantee you that China benefited FAR more than the US did. Especially US workers.
I've never seen a successful Chinese enterprise that wasn't HEAVILY subsidized by the Chinese government. They simply don't believe in a level playing field.
I have lived in and worked in more than a dozen countries and have been in financial services in most of them. I observe that every country has unique ways to make the global trade practices uneven. China has never hidden theirs.
I think it is wise to be cautious with broad sweeping generalizations, especially about subjects with which one is not well acquainted. Until I became a participant in large scale project finance I was quite naive. Now not so much.
We have our own stellar examples that we mostly understand. Those are Tesla and SpaceX of course. Both of them have provably lower 'subsidies' than do their primary competitors. Both are accused of driving only because of subsidies, and many people seem to believe those assertions. Then we have Amazon and the famous 'subsidies' from the USPS, which also is believable to people who know nothing about the package delivery business. Sadly it takes a great deal of effort to figure out what is real.
IP theft is of the same ilk, I suspect. I do not have sufficient expertise to actually know in any given case.