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Is the rapid growth of China’s emerging industries driven by industrial subsidies?: People’s Daily_我的网站

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A | 　　深圳8月25日电 (记者王坚)据深圳西丽高铁枢纽建设项目25日消息，深圳西丽站3标项目既有地铁13号线119根线间工程桩施工近日全部完成。

Workers assemble solar photovoltaic modules at a smart manufacturing workshop of Ronma Solar Energy Group in Jindong district of Jinhua city, East China's Zhejiang Province, on July 28, 2026. Photo: VCG
China saw robust exports in electric vehicles (EV), lithium batteries and photovoltaic products, known as the "new three," in the first half of this year. More notably, robotics, artificial intelligence (AI) and innovative drugs, which represent the future direction of industrial development, are also emerging as new calling cards for China's foreign trade.
However, the impressive performance provoked unease among some Western media outlets and politicians. Some have deliberately portrayed China's rapid industrial development and strong competitiveness as a result of government subsidies, pushing the false claim that subsidies have created overcapacity and those low-priced Chinese products are flooding global markets. Such fallacies, which simply equate industrial subsidies with overcapacity, are not only logically flawed but also factually groundless.
In practice, many countries adopt industrial policies tailored to their national conditions and development needs, such as providing research and development (R&D) subsidies for emerging industries and risk related subsidies for agriculture.
Well-designed industrial subsidies can help address market failures, promote technological innovation and environmental protection, reduce poverty and support balanced development, rather than cause so called "overcapacity."
Multiple reports by the United Nations Conference on Trade and Development have noted that the number of industrial policies worldwide has grown rapidly over the past five years, with R&D subsidies, tax incentives and low interest loans for emerging industries becoming common international practices.
Forcibly linking industrial subsidies to "overcapacity" is, in essence, a political manipulation based on double standards. The US, for example, plans to provide $750 billion in various subsidies from 2022 to 2031 under its Inflation Reduction Act. Subsidized EVs are subject to requirements such as production and sales in the US or North America, effectively excluding other WTO members. US industrial subsidies for AI are even greater than those of all other countries combined.
Similarly, according to incomplete statistics, the European Commission is expected to provide more than 1.44 trillion euros ($210 billion) in various subsidies between 2021 and 2030. The EU's Industrial Accelerator Act links local content directly to financial support through "Made in EU" requirements, creating serious investment barriers and institutional discrimination.
Have these massive subsidies been labeled as causing "overcapacity"? The answer is no. While claiming that China's industrial subsidies lead to so-called overcapacity, these countries are themselves providing massive subsidies to their own industries. Such double standards amount to selective accusations targeting China, aimed at politicizing trade and economic issues and weaponizing industrial policy.
At a deeper level, accusations that "China's industrial subsidies cause overcapacity" are merely a pretext, reflecting growing anxiety and fear over the rising competitiveness of Chinese industries.
Looking back at the repeated hype in Western media, the criticism has consistently targeted China's most globally competitive industries, including new-energy vehicles, photovoltaics and power batteries. This exposes the real intention of shifting the blame for their own lagging industrial development onto China while stepping up restrictions against Chinese industries.
China's breakthroughs in these industries have been driven by advances in homegrown technologies, complete industrial and supply chains, and robust market competition, rather than by policy subsidies as some have claimed.
In recent years, China has taken multiple steps to regulate and improve its subsidy policies, from reviewing and correcting inappropriate local subsidies to exploring a unified negative list mechanism for local fiscal subsidies. China applies subsidies equally to all market entities, including foreign invested enterprises, strictly follows WTO rules, and continues to improve the compliance, effectiveness and transparency of its subsidy policies.
Rather than fabricating and hyping baseless claims about subsidies and obsessing over building trade barriers, certain Western media outlets and politicians should focus on addressing their own weaknesses and increasing investment in research and development. They should embrace healthy market competition with an inclusive mindset, promote mutual benefit through greater openness, and win markets and drive progress through genuine innovation.
This was compiled and translated by the Global Times English edition based on an article published in the "Chisu Jinsheng" economic commentary column of the People's Daily on August 10, 2026.
。桩基施工在不影响地铁正常运营的前提下，攻克高密度运营地铁邻近施工难题，为后续西丽枢纽国铁站房主体工程施工奠定基础。　　据介绍，新建深圳西丽站坐落于深圳市南山区，总建筑面积91.44万平方米，核心建设内容为“一站多场一平台”，包含13台25线主站场、东西站前广场等设施，同步配套建设轨交、市政、商业等相关设施。该项目是国内首个高铁上盖绿色生态公园，也是国家级站城融合TOD示范工程；建成后将形成“4高铁+2城际+4地铁”多层次立体轨道交通网络，可带动深圳铁路客运整体运力提升约40%，对完善粤港澳大湾区综合交通格局、赋能区域高质量发展具有深远意义。　　深圳地铁13号线自2025年12月28日通车以来，保持着行车间隔不足5分钟、日均客流50.1万人次的高密度、大客流运营状态。中铁七局深圳西丽站3标119根线间工程桩均为地铁13号线运营期施工，项目面临施工空间狭小、安全风险极高、零运营干扰、施工精度严苛的多重挑战。　　据了解，涉铁工程桩是轨道交通枢纽改扩建的核心基础工程，承担新建站房、配套结构的荷载支撑作用，同时稳固沿线土体。

B | 运营期涉铁桩基施工要求极为严格，全程保障轨道交通结构安全与行车秩序，是新旧枢纽工程衔接建设的关键核心工序。　　面对复杂工况与严苛要求，项目团队创新采用“全回转钻机下护筒、取土+气举反循环钻机钻岩”组合工艺，并同步搭建智能化立体监测体系，实现对既有地铁结构的亚毫米级实时监测、动态预警与全程管控。

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Published on:07:05:51