The CCP has publicly explained that their strategy is indeed to dominate key sectors via gov subsidies, de-industrialize other nations and gain strategic leverage in the process.
replyWhy doesn't America do that too? It seems to work really really well.
replyAmerica does that for aerospace & some defense stuff. But the reason not to is that the industrial policy needed to do it like China does has the effect of reduced wages, longer work hours, and lower quality of life.
replyTwo main reasons. It requires taking a lot of freedom / agency away from individuals, and redirecting much of the profits of successful enterprises to subsidies (and suppressing individual consumption and standard of living).
replyChina has surpassed the US on standard of living, I'm not sure about individual consumption. To repeat myself, it seems to work really really well.
replyMedian PPP adjusted income and disposable income tells a very different story.
replygovernment first intervened in British Steel last year to prevent its then-owner, the Chinese company Jingye Group, from shutting it down https://www.nytimes.com/2026/07/16/business/britain-national...
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