Not that surprising given FT recently reported (archive) “China on cusp of next-generation chip production despite US curbs”. That said, like always, China does things at astounding speed.

Archived link/paywall bypass: https://archive.is/VbSPI

Also, you would think a region once plagued by unrest and terrorism (fomented by our favorite imperialist power of course), now stable and prospering would be cause for celebration? No? Also about NEV subsidies, isn’t this what all countries should be doing? Besides, the Global North has long subsidized industries when they chose to.