中国梦之声

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

初代吸血鬼

一 |

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.
。　　讯 8月17日，重庆市政府新闻办举行“开局起步十五五·建设现代化新重庆”——转型发展新綦江新闻发布会。　　会上，綦江区委常委，区政府常务副区长、新闻发言人李炜介绍，重大项目不仅是綦江高质量发展的“硬支撑”，也是改善群众生活的“硬底座”。“十五五”期间，紧扣“两重两新”和“六张网”建设，动态储备了700多个重大工程项目，总投资近4000亿元，真正以项目之“实”，支撑发展之“稳”、托起民生之“福”。　　在交通领域，锚定“客运20分钟畅达中心城区、货运20小时出海出境”的“双20”目标，全力打造重庆南部综合交通枢纽。铁路方面，正加快推进渝贵高铁前期工作，同步储备了重庆至桂林高铁、川黔铁路扩能改造等项目，着力构建“2高5普2轨”铁路网。公路方面，正加快建设綦江安稳至贵州习水高速，并储备了江津—綦江—万盛高速、中心城区至綦江非收费物流通道等项目，不断织密“两横四纵多联”高速路网。

二 | 航运方面，正全力推动西部陆海新通道綦江港和綦河航道梯级渠化，加快让綦江“千里轻舟”通江达海的愿景成真。　　在水利领域，聚焦“渝南水塔”建设，正大力推进国家级重大水利工程——藻渡水库建设，建成后将辐射綦江、巴南、南岸等5个区。同时还储备了安江水库、马颈水库、梅子桥水库、獐狮坝水库等一批水源工程，力争“十五五”末实现5亿立方米水资源配置能力，让群众用水更安心、更有保障。　　在能源领域，锚定全市综合能源保障基地建设，加快推进渝黔背靠背联网工程和百万千瓦级风光电项目，同步推进页岩气、页岩油开发，全力助推川渝地区千亿方天然气基地建设，力争到“十五五”末，页岩气年产量达15亿立方米、页岩油达30万吨，让綦江的能源底气更足、发展动力更强。　　此外，在产业发展、城市更新、民生服务等领域，也储备了一批群众期盼、发展急需的好项目。同时，为保障落地见效，实行“储备、开工、在建、完工”全周期、闭环化管理，全力以赴将发展蓝图早日变为群众看得见、摸得着的实景图，让发展成果更快更好惠及每位市民。版权申明：凡注有“”或电头为“”的稿件，均为独家版权所有，未经许可不得转载或镜像；授权转载必须注明来源为“”，并保留“”的电头。