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That’s part of it, but it also helps that the Chinese government heavily subsidizes their auto industry.
Tbf so do we
Not nearly to the same amount.
Remember when China gave its biggest auto manufacturers $85 billion to keep them from going out of business when they made a bunch of bad financial decisions? Oh wait that was the US.
Anytime we bail out a company, I think we should nationalize it. We should just buy it from them.
