Comment Planned Economy (Score 1) 206
China is a planned economy, not a market economy. I read a report from an analyst of China that the CCP's plan was to pump up the EV market with dozens of manufacturers and then strategically collapse it, resulting in concentration of technologies in two or three manufacturers. This just looks like China following that plan to me. It's a matter of leveraging markets' tendency to over-produce, over-saturate, and follow boom & bust cycles to end up with a stable but varied market on the other end while ultimately retaining a majority state ownership of the means of production.