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How China Pulled So Far Ahead on Industrial Policy (www.nytimes.com)

submitted 5 months ago by silence7@slrpnk.net to c/energy@slrpnk.net

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But no country has come close to matching the scale and tenacity of China’s support. The proof is in the production: In 2022, Beijing accounted for 85 percent of all clean-energy manufacturing investment in the world, according to the International Energy Agency.

Now the United States, Europe and other wealthy nations are trying frantically to catch up.

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[–] Pilgrim@beehaw.org 2 points 5 months ago

They actually had an industrial policy for the last forty years, unlike the United States or Europe, which both abdicated their interests to those of giant corporations whose only goals are reducing costs and increasing profits.