this post was submitted on 27 Oct 2023

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China's Green Subsidies Are Not Really Subsidies (www.bloomberg.com)

submitted 2 years ago by zephyreks@lemmy.ml to c/worldnews@lemmy.ml

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[–] PowerCrazy@lemmy.ml -2 points 2 years ago (1 children)

What is the difference? A subsidy is supposed to make non-profitable product profitable. If the product is becoming cheaper and more profitable because of government investment, what else could you possibly call that besides a subsidy?

[–] zerfuffle@lemmy.ml 0 points 2 years ago* (last edited 2 years ago)

The definition of subsidy isn't just "government investment," and it's concretely defined by the WTO. It's also only valid to current subsidies, not historical ones.