The West keeps asking how much China subsidises its industries. That is the wrong question.

The Western debate about China’s industrial rise keeps circling the same question: how much of it is subsidised? The European Commission’s anti-subsidy investigations into Chinese electric vehicles, solar panels, and wind turbines have produced tariff schedules that treat government funding as the primary explanation for Chinese competitiveness. The US Treasury and Commerce departments have imposed […] This story continues at The Next Web