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Notes -
My understanding is that China heavily subsidizes their auto industry. I don't know that this is necessarily a bad thing, particularly if you are getting something off of the ground, but it's not necessarily clear to me that Chinese cars will be able to compete at this level long-term. The strategy here is perhaps similar to that once practiced in the US by monopolies: undercut hostile industry to kill it, then raise prices to whatever you want.
Noted, although do forgive me if I forget (I don't always track usernames well...)
Yes, I do think this is a huge problem. But it's not unique to the West and it's not clear to me that China's coherent planning is actually going to be a win for them over the medium and long term.
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