‘We’re not that wealthy’: China’s Li Qiang says Beijing’s tech boom wasn’t built on subsidies (opens original article in a new tab)

China's Premier Li Qiang defended the country's tech achievements, stating they are driven by private investment rather than subsidies, as Beijing faces growing Western scrutiny.

• China's Premier Li Qiang stated that the country's tech advancements in AI, semiconductors, and electric vehicles are not primarily due to government subsidies.
• Li Qiang emphasized that Chinese companies' investments, not state wealth, drive technological prowess.
• China faces potential European trade tensions over alleged state support for its tech firms.