Why did private firms, not state-owned enterprises (SOEs), come to dominate China’s EV sector?
My new @ChinaJournal article (co-authored with Xiao Ma @maxiaoalex) challenge the "top-down industrial policy" narrative.
The real engine? Strategic alliances between local governments and private capital. 🧵
Based on 3+ years of fieldwork, 60+ interviews (with officials, entrepreneurs, and engineers), and rich first-hand accounts, we show how strict central regulations inadvertently drove local states to bet big on private EV players.
Here is the story: (1/15)
Walking is the most underrated medicine on Earth.
It lowers blood sugar, blood pressure, anxiety, and even your risk of early death.
Here's how to get the full effect with 7 simple steps:
1. Don't chase 10,000 steps.
A man from Persia mastered Arabic so well that every time he spoke to Arabs, they'd ask him:
"Which Arab tribe are you from?"
He'd laugh and say: "I'm Persian. But I speak Arabic better than you do."
Until one day a little girl destroyed him with one sentence.
Les larmes de joie D’UN GRAND CHAMPION, D’UNE LÉGENDE qui n’a plus rien à prouver à personne.
Mais à 41 ans, IL A ENCORE FAIM. ENCORE LA PASSION. ENCORE SOIF DE BUTS ET DE TROPHÉES. 🥹
Cristiano Ronaldo 🇵🇹 est LE FOOTBALL 🐐
🇨🇳 China built a 1.22M square metre train station on top of a mountain for $7.8B in just 38 months.
The roof alone weighed 16,500 tonnes.
They assembled it on flat ground, then hydraulically lifted the entire thing 57 metres into the air.