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L BA
Bloomberg Television
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Comments by "L BA" (@lambertois11) on "China EV Startup Aims to Design Smart Premium Cars" video.
The China EV buildup is propelled by massive government subsides ($14 billions US per year). What will happen when the subsides ran out at the end of 2023? Xi Jinping wants to orient the economy toward state-owned enterprises. The state-owned enterprises will the recipient of the subsidies. The CCP is common prosperity is crushing the riches and the middle class. Who will be able to buy cars in the future? Those who are still bullish about China, should take the time to read the Amendment of the CCP constitution during the 20th CCP party congress, and the Xi Jinping speech.
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