News Snapshot:
The US is throwing a massive green subsidies party. The guest list remains in flux, but that isn’t stopping Chinese companies from trying to snag a share of the bonanza. Many of the subsidies embedded in the US Inflation Reduction Act aim to turbocharge American manufacturing of electric vehicles (EVs) and batteries. But Chinese firms could benefit as well, via potential loopholes. The US’s subsidies offer lucrative opportunities for China’s homegrown champions to “go out”—Beijing’s official goal of expanding the global reach of Chinese firms Advertisement T he influx of Chinese clean energy manufacturing projects raises the question of whether...
