Logo 22 Apr 2026

CCTV takes aim at local governments’ race-to-the-bottom investment attraction practices

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The race-to-the-bottom in local government investment attraction just got a prime-time takedown. On April 21, CCTV exposed how local governments are using excessive subsidies and "policy depressions" to compete for investment projects, highlighting failed EV ventures in Yichun, Jiangxi province, and...



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