Commentary
China is boosting its economy with new subsidies that promote auto exports at the expense of jobs and industrial strength in the United States, the European Union, Japan, South Korea, India, and other allied countries.
The subsidies could also decrease global emissions. By 2030, one in three new vehicle sales will be electric. China dominates that market with 60 percent of worldwide electric vehicle (EV) sales.
China has used its economic strength in the past to build its military and threaten its neighbors, including Taiwan, Japan, the Philippines, and India. There is no reason to believe that it will not channel its new EV profits into the same malign endeavors….
