Comment by slim
9 hours ago
China does not want to deindustrialize any country. Why do you think of everything in terms of war and domination ? China has built a industry capable of taking any product and make it better and cheaper. There is no psycho strategy behind it. They will do it till every chinese will live a comfortable life equal to an american. At that point america will be able to compete again.
The CCP has publicly explained that their strategy is indeed to dominate key sectors via gov subsidies, de-industrialize other nations and gain strategic leverage in the process.
Why doesn't America do that too? It seems to work really really well.
America does that for aerospace & some defense stuff. But the reason not to is that the industrial policy needed to do it like China does has the effect of reduced wages, longer work hours, and lower quality of life.
Two main reasons. It requires taking a lot of freedom / agency away from individuals, and redirecting much of the profits of successful enterprises to subsidies (and suppressing individual consumption and standard of living).
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government first intervened in British Steel last year to prevent its then-owner, the Chinese company Jingye Group, from shutting it down https://www.nytimes.com/2026/07/16/business/britain-national...