No matter what they pivot their subsidies to, China has the manufacturing power to fill that role completely unintentionally. It's like being amazed that Yamaha makes musical instruments as well as motorcycles, except it's a whole country instead of one company. The headline would be the same if the subsidy was for E scooters, caviar, semi conductors or horses. A "niche" market in China has more output than entire nations.
If the EU decided to subsidize, idk, electric biplanes at 10 am tomorrow, China would be in the top 5 manufacturers at 10:00:01, and within a year in the top 2.
A "niche" market in China has more output than entire nations.
God damn I never thought about it that way. Like... 5% of 1.4 billion is 75 million... UK has around 70 million people... that's fucking incredible. China can completely flood markets by just existing. I know not every Chinese citizen lives in their big cities and drives cars and whatnot, but yeah, this makes sense.
No matter what they pivot their subsidies to, China has the manufacturing power to fill that role completely unintentionally. It's like being amazed that Yamaha makes musical instruments as well as motorcycles, except it's a whole country instead of one company. The headline would be the same if the subsidy was for E scooters, caviar, semi conductors or horses. A "niche" market in China has more output than entire nations.
If the EU decided to subsidize, idk, electric biplanes at 10 am tomorrow, China would be in the top 5 manufacturers at 10:00:01, and within a year in the top 2.
God damn I never thought about it that way. Like... 5% of 1.4 billion is 75 million... UK has around 70 million people... that's fucking incredible. China can completely flood markets by just existing. I know not every Chinese citizen lives in their big cities and drives cars and whatnot, but yeah, this makes sense.
Last I saw numbers, I think it was sometihng like 65-70% of the population is urban? So still a pretty massive number.