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Is the rapid growth of China’s emerging industries driven by industrial subsidies?: People’s Daily_我的网站
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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.
。 AI摘要 云霄县充电桩从无到有，城乡覆盖逐步均衡。新能源车主告别找桩难，绿色出行更便捷。全县规划49座站点，已投用28座，未来将扩大至沿海乡镇与乡村，推动低碳发展。 云霄南湖公园光储充一体化充电站 “以前乡镇几乎没有充电桩，充电要专程跑县城，十分不便，现在在‘家门口’就能充电，省心又省时。”云霄县市民李女士在自家门口使用充电桩时感慨道。随着城乡充换电基础设施加快建设，当地越来越多新能源车主告别了“找桩难”的烦恼，切身感受到绿色出行的提质升级。 此前，云霄县充电设施存在明显城乡差距，城区高峰期排队严重，乡镇及产业园区公共充电桩覆盖率极低，群众充电耗时费力。作为国家级县域充换电设施补短板试点县，云霄统筹城乡发展、科学布局试点项目，兼顾多元场景，系统构建一体化智慧充换电体系。据了解，全县试点项目规划建设49座充电站点、469个充电桩，配套完善供电、安防、智能运维等设施，全面建成后将形成“城区快充、乡镇可充、产业保供”的全域覆盖格局，适配通勤、文旅、物流等各类出行场景。
二 | 目前，项目建设稳步推进，全县已建成投用28座充电站、369个充电车位，总功率达34760kW，覆盖县城核心区及6个重点乡镇、开发区，优先保障人口密集区充电需求。据悉，今年内云霄将再投用21座充电场站，新增100个充电车位，重点向沿海乡镇、产业园区和乡村末梢延伸，持续缩小城乡基建差距。
三 | 在基础配套完善的同时，云霄深耕技术创新，打造智慧充电标杆。南湖公园充电站作为县域光储充检一体化示范站点，集成光伏发电、液冷超充、V2G车网互动等前沿技术，实现清洁能源自用、极速充电、电网调峰等功能，将新能源基建与文旅场景深度融合。当地还组建专业运维团队，落实常态化巡检制度，保障充电设备安全稳定运行。 一张布局均衡、智慧低碳、贯通城乡的充换电网络正在云霄全面铺开。下一步，云霄县将持续推进试点项目建设，持续完善城乡充换电基础设施体系，扎实落实“双碳”战略，赋能县域绿色低碳转型与高质量发展，为建设东南沿海能源新城注入持久绿色动能。（方楚楚 许颖 文 陈杭 吴泽宇 图）。
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