Subsidies Corrupt Economies, China, A Cautionary Tale | ZeroHedge
Authored by Bruce Wilds via the Advancing Time blog,
China's economy is in trouble. After seeing a video claiming much of China's Electric Vehicle industry was built on subsidies that are now gone, I'm forced to ponder the legacy of these policies. It showed a factory in Chongqing, China, where a huge number of clean energy vans sit abandoned, covered in a thick layer of dust. This rendered their original appearances unrecognizable. Recently, aerial footage has also surfaced (more…)