Comment by rswail

I thought private business competing in a free market would always out do a centrally planned economy with state owned enterprises.

We've been told that in the West since Reagan, when we decided to forget all the advantages of a Keynesian economy.

So the actual concept of having an industrial strategy was and is considered against all economic orthodoxy in the West.

BYD is not a "copy" of Porsche, they hired European designers, Xioamoi made mobile phones before they started making cars.

The problem of China appropriating intellectual property has been known for decades, but access to the market was considered more important. The governments and industries could have decided that the market was less important and stopped transferring technology, but they didn't.

Chinese IP has been developing on its own at an accelerated pace now.

Most of the technology in Western vehicles is using chips built in Chinese or Taiwanese fabs and if China wanted to subvert the vehicle supply chains in EU or US, I'm sure they could.