|
|
|
|
|
|
by jncfhnb
595 days ago
|
|
|
The reason there were 500 manufacturers in the first place was the enormous subsidies. The Chinese government strategy is to fund a massive number of attempts and then suffer a huge number of failures and consistent end up with far too much production capacity leading to a large number of unprofitable companies. It’s not a terrible strategy if you can dump vehicles elsewhere. It may or may not work if you can’t. It’s not stupid but it’s probably a bad strategy. |
|
|