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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.
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二 | 活动融体育成果展示、传统非遗展演、全民互动体验于一体，旨在展示四川体育事业发展成就，传承中华优秀传统体育文化，弘扬中华体育精神，营造“活力省运·广纳百川”的浓厚社会氛围，为市民与游客送上了一场兼具深度与温度的四川体育文化盛宴。千里江山一卷览 数说成就展蓝图本次主题文化展以传世名作《千里江山图》为视觉设计主线，以山水长卷形式铺展全省体育发展全貌。展馆搭建“省级战略纵览、协会协同网络、市（州）活力画卷”三层展示体系，完整梳理四川省群众体育、竞技体育、青少年体育、体育产业、体育文化协同发展脉络。
三 | 省级展区以一组组翔实数据直观展现全民健身发展成果：全省人均体育场地面积达3.09平方米，310个公共体育场馆常年免费或低收费开放，年均举办县级以上体育赛事超8000场；百万群众体育引领员、30.6万名社会体育指导员奔走城乡，让健身服务触手可及。
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六 | 整场演出兼顾传统韵味与青春氛围，现场同步设置非遗项目体验区，市民可亲手学习草龙编织、武术基础桩功，近距离感受传统体育非遗的独特魅力，让代代相传的民俗运动走进大众生活。冠军宣讲进基层 体育之光照万家“体育之光”文化推广活动创新设置广场与校园双活动阵地，7月14日至20日，系列体验与分享活动同步在广安市民广场、广安理工学院开展。
七 | 冠军分享会成为现场人气焦点。奥运冠军、全国冠军们来到市民身边，讲述赛场拼搏故事、动人经历，引发在场学生、市民强烈共鸣。奥运亚军、全运冠军叶娇作为四川籍运动员代表现身广安市民广场，她结合自身十余年的职业生涯，讲述了从基层训练到征战国际赛场的拼搏故事。活动现场，大屏循环播放《川体荣光》专题片，回放四川健儿征战赛场、摘金夺银的珍贵瞬间，展现竞技体育背后的汗水和故事。户外体验区准备了无人机足球、飞盘、毽球以及公益健身指导项目，体验项目覆盖老少各年龄段群众，供市民和游客们现场零距离体验，感受运动乐趣。
八 | 来自重庆市的游客胡女士在参与活动后表示，虽然天气很热，但能够现场体验平时接触不到的运动非常有趣，给这次广安之行留下了一段难忘的回忆。体文融合惠民生 省运盛会留温度本次“两展一活动”由四川省体育局、广安市人民政府、四川省体育总会联合主办，四川省体育博物馆牵头承办，广安市教育和体育局、广安市文化广播电视和旅游局协同推进，四川省21个市（州）体育部门共同参与。活动期间，公安、卫健、应急、电力通信等多部门通力保障，青年志愿者全程值守服务，保障各项活动有序开展。
九 | “两展一活动”坚持体育为民、文化惠民的初心使命。四川省体育局有关负责人表示，一切工作的出发点和落脚点都是为了人民群众——让群众看好戏，在家门口感受原汁原味的巴蜀体育非遗魅力；让群众享文化，集中感受四川体育发展历程与非遗保护成果；让群众传下去，引导广大青年认识非遗、热爱非遗、传承非遗，让传统体育技艺焕发新生、绽放光彩。不少前来观展观演的市民也表示，“两展一活动”把四川体育的发展故事和中华民族的体育文化呈现在大家眼前，既能看懂全省体育发展的巨大变化，又能近距离欣赏非遗绝活，是本届省运会最有温度、最有文化味道的配套活动。竞技赛场比拼速度与力量，文化舞台沉淀底蕴与温情。本届省运会落地广安的系列文化活动，以展览、展演、宣讲多元形式，全方位展现四川体育发展面貌与独有的巴蜀体育文化，让竞技风采与人文底蕴相映生辉。四川省第十五届运动会是在“十五五”开局之年举办的重大体育盛会，也是四川省推进体育强省、文化强省建设的重要实践。接下来，四川省将持续推进体育非遗常态化，开展传承推广工作，守护好巴蜀传统体育文脉，切实履行文化传承的时代责任与历史使命，推动四川特色体育文化走向全国、走向世界。
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Published on:12:38:06