China Premier Puts Factory Boom Down to Hard Work, Not Subsidies

The article discusses a response from China's second-in-command, Li Qiang, to criticism from a top European Union official regarding China's government subsidies and their impact on global manufacturing imbalances. Li Qiang asserted that China's manufacturing boom is primarily due to the hard work and diligence of the Chinese people, rather than government subsidies. He acknowledged the criticism but humbly attributed China's success to the efforts of its workforce. The article highlights the ongoing debate between China and the EU over the role of government policies in shaping the global manufacturing landscape. While the EU official raised concerns about the potential distortions caused by subsidies, Li Qiang defended China's approach, emphasizing the importance of the country's workforce in driving its industrial growth. The article provides a concise summary of the key points, focusing on the exchange between the Chinese and EU officials and the differing perspectives on the factors behind China's manufacturing boom.