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Is the rapid growth of China’s emerging industries driven by industrial subsidies?: People’s Daily_我的网站

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    Workers assemble solar photovoltaic modules at a smart manufacturing workshop of Ronma Solar Energy Group in Jindong district of Jinhua city, East China's Zhejiang Province, on July 28, 2026. Photo: VCG
China saw robust exports in electric vehicles (EV), lithium batteries and photovoltaic products, known as the "new three," in the first half of this year. More notably, robotics, artificial intelligence (AI) and innovative drugs, which represent the future direction of industrial development, are also emerging as new calling cards for China's foreign trade.
However, the impressive performance provoked unease among some Western media outlets and politicians. Some have deliberately portrayed China's rapid industrial development and strong competitiveness as a result of government subsidies, pushing the false claim that subsidies have created overcapacity and those low-priced Chinese products are flooding global markets. Such fallacies, which simply equate industrial subsidies with overcapacity, are not only logically flawed but also factually groundless.
In practice, many countries adopt industrial policies tailored to their national conditions and development needs, such as providing research and development (R&D) subsidies for emerging industries and risk related subsidies for agriculture.
Well-designed industrial subsidies can help address market failures, promote technological innovation and environmental protection, reduce poverty and support balanced development, rather than cause so called "overcapacity."
Multiple reports by the United Nations Conference on Trade and Development have noted that the number of industrial policies worldwide has grown rapidly over the past five years, with R&D subsidies, tax incentives and low interest loans for emerging industries becoming common international practices.
Forcibly linking industrial subsidies to "overcapacity" is, in essence, a political manipulation based on double standards. The US, for example, plans to provide $750 billion in various subsidies from 2022 to 2031 under its Inflation Reduction Act. Subsidized EVs are subject to requirements such as production and sales in the US or North America, effectively excluding other WTO members. US industrial subsidies for AI are even greater than those of all other countries combined.
Similarly, according to incomplete statistics, the European Commission is expected to provide more than 1.44 trillion euros ($210 billion) in various subsidies between 2021 and 2030. The EU's Industrial Accelerator Act links local content directly to financial support through "Made in EU" requirements, creating serious investment barriers and institutional discrimination.
Have these massive subsidies been labeled as causing "overcapacity"? The answer is no. While claiming that China's industrial subsidies lead to so-called overcapacity, these countries are themselves providing massive subsidies to their own industries. Such double standards amount to selective accusations targeting China, aimed at politicizing trade and economic issues and weaponizing industrial policy.
At a deeper level, accusations that "China's industrial subsidies cause overcapacity" are merely a pretext, reflecting growing anxiety and fear over the rising competitiveness of Chinese industries.
Looking back at the repeated hype in Western media, the criticism has consistently targeted China's most globally competitive industries, including new-energy vehicles, photovoltaics and power batteries. This exposes the real intention of shifting the blame for their own lagging industrial development onto China while stepping up restrictions against Chinese industries.
China's breakthroughs in these industries have been driven by advances in homegrown technologies, complete industrial and supply chains, and robust market competition, rather than by policy subsidies as some have claimed.
In recent years, China has taken multiple steps to regulate and improve its subsidy policies, from reviewing and correcting inappropriate local subsidies to exploring a unified negative list mechanism for local fiscal subsidies. China applies subsidies equally to all market entities, including foreign invested enterprises, strictly follows WTO rules, and continues to improve the compliance, effectiveness and transparency of its subsidy policies.
Rather than fabricating and hyping baseless claims about subsidies and obsessing over building trade barriers, certain Western media outlets and politicians should focus on addressing their own weaknesses and increasing investment in research and development. They should embrace healthy market competition with an inclusive mindset, promote mutual benefit through greater openness, and win markets and drive progress through genuine innovation.
This was compiled and translated by the Global Times English edition based on an article published in the "Chisu Jinsheng" economic commentary column of the People's Daily on August 10, 2026.
。    ⓒ뉴시스전국 주요 법원에 폭발물 설치를 예고하는 협박 이메일이 잇따라 접수돼 경찰이 긴급 수색에 나섰다. 다만, 아직까지 폭발물 등 위험물은 발견되지 않은 것으로 확인됐다.26일 경찰과 소방당국 등에 따르면 소방은 이날 오후 12시44분경 동부지법 청사 보안팀으로부터 ‘동부지법과 인근을 폭파하겠다’는 취지의 협박 메일을 받았다는 신고를 접수했다.소방은 경찰 및 법원 보안팀과 함께 이날 오후 1시19분경부터 오후 1시50분경까지 동부지법에 대한 수색을 벌였다. 다행히 폭발물 등 특이 사항은 없었다. 수색에는 경찰 인력 35명과 소방 인력 21명이 투입됐다.앞서 이날 광주고법과 충북 청주지법, 전주지법 등에도 유사 협박 메일 신고가 접수돼 일대 혼란이 빚어지기도 했다.광주경찰청에 따르면 이날 오후 12시9분경 광주경찰청 112상황실에 광주 동구 산수동 광주고법 내 폭발물 설치 의심 신고가 접수됐다.광주고법 관계자 이메일로 “모 아이돌그룹이 전속계약 해지 처분을 받았다. 광주고법과 주변에 폭발물을 설치했다”며 “26일 오후 1시부터 7시 사이 터트리겠다”는 내용이 접수됐다.이날 오전 10시50분경에는 청주지방법원에 폭발물을 설치했다는 협박 메일이 접수됐다. 앞서 오전 9시 17분경에는 인천지법 재판기록 열람·복사 업무에 사용되는 이메일 주소로 “인천지법과 그 인근을 폭파하겠다”는 내용의 메일이 들어왔다.경찰은 비슷한 내용의 협박 신고가 접수된 점을 토대로 동일범의 소행일 가능성 등을 확인 중이다.。

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Published on:18:06:22