Associate Professor of Political Science @PKU1898 | Bureaucracy, elites, development & China | Author of Localized Bargaining (Oxford UP, 2022, https://t.co/ba9fBvT1P7)
Jun 5 ⢠13 tweets ⢠3 min read
šš Many think Beijing masterfully planned China's EV takeover. Fengming Lu (@ANUBellSchool ) and I spent 3 years and 60+ interviews finding out what actually happened in our latest article @TheChinaJournal. A thread š§µ
In 2014, the top 10 automakers in China were ALL state-owned or state-foreign joint ventures. By 2024, BYD, Geely, Chery, and other PRIVATE firms dominate. How did an industry rigged for SOEs get flipped by private entrepreneurs? That's the puzzle.