The United States and Europe are trying to catch up to a rival skilled in using all the levers of government and banking to dominate global manufacturing.

cross-posted from: https://slrpnk.net/post/9971250

But no country has come close to matching the scale and tenacity of China’s support. The proof is in the production: In 2022, Beijing accounted for 85 percent of all clean-energy manufacturing investment in the world, according to the International Energy Agency.

Now the United States, Europe and other wealthy nations are trying frantically to catch up.