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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 120-hour forecast track probability map for Typhoon Dolphin from 5 pm on August 7 to 5 pm on August 12. Photo: National Meteorological CenterMultiple national departments and local authorities have activated emergency response measures as Typhoon Dolphin, the 13th typhoon of 2026, approaches China's eastern coast, in an effort to safeguard people's lives and property.
China's National Meteorological Center (NMC) continued to issue a yellow alert for Typhoon Dolphin at 6 pm on Friday. As of 5 pm, the center of the typhoon was about 730 kilometers east of Wenzhou of East China's Zhejiang Province. It was packing maximum sustained winds of 48 meters per second (Level 15) near its center, with a minimum central pressure of 940 hectopascals. According to the NMC's tropical cyclone classification, Dolphin is classified as a severe typhoon.
Dolphin is expected to move westward at a speed of about 15 kilometers per hour while continuing to intensify. It is forecast to enter the East China Sea on Friday night and make landfall along the coast from Zhejiang Province to northern Fujian Province between Sunday afternoon and Monday morning. After landfall, it is expected to move west-northwestward and gradually weaken, according to the NMC's forecast.
At 6 pm on Friday night, China's Ministry of Water Resources launched a Level IV emergency flood response for Shanghai and the provinces of Jiangsu, Zhejiang, Anhui, Fujian and Jiangxi. The Ministry of Natural Resources activated a Level III marine disaster emergency response for Zhejiang, a level IV response for Shanghai, Jiangsu, and Fujian, and convened a meeting on Friday to coordinate marine and geological disaster prevention and response efforts for Typhoon Dolphin, making comprehensive arrangements for disaster preparedness, the Xinhua News Agency reported on Friday, citing the two ministries.
Coastal provinces have been stepping up preparations as Typhoon Dolphin approaches. According to Xinhua, authorities in Zhejiang Province upgraded emergency responses for Typhoon Dolphin from Level IV to Level III at noon on Friday. Fujian Province also upgraded its emergency response to Level III, according to provincial authorities. 
Typhoon Dolphin is expected to bring strong winds and heavy rainfall to parts of eastern China. According to Xinhua, from Friday to Tuesday, Zhejiang, Fujian, Jiangxi, Jiangsu, Shanghai and Anhui are forecast to receive heavy to torrential rain, raising the risk of flooding in major river basins and smaller rivers. Fujian authorities have also suspended some ferry and passenger transport services and closed tourist attractions in parts of the province as a precaution.
Xu Yinglong, chief forecaster at the NMC, said Typhoon Dolphin is currently being influenced by a combination of the subtropical high, the westerly trough-ridge system and multiple tropical systems, leaving some uncertainty over its track after landfall. Tropical disturbances over the Beibu Gulf and the western Pacific could also affect Dolphin's development and path, according to the official WeChat account of the China Meteorological Administration. 
As Dolphin approaches China's eastern coast, impacts from wind and rain are expected to intensify. Xu said the typhoon could bring stronger localized winds than Typhoon Bavi, the ninth typhoon of this year, while producing heavier and more widespread rainfall, with some areas likely to experience extreme precipitation.
From Friday to Saturday afternoon, waves of 7 to 13 meters are forecast in the East China Sea, while waves of 4 to 6.5 meters are expected in the coastal waters off Zhejiang. The coastal waters off Shanghai and northern Fujian are forecast to see waves of 3 to 4.5 meters. Meanwhile, storm surges of 50 to 120 centimeters are expected along the coast from the Yangtze River estuary to Fuzhou in Fujian Province from Friday afternoon to Saturday afternoon, the Global Times learned from the National Marine Environmental Forecasting Center.
Global Times 
。         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.
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