Not remotely. It's fair to point out that it exists, especially given the bailout, but China's sponsorship of their local manufacturing is a whole other level. We're talking direct subsidies and grants to OEMs, consumers getting trade in subsidies, huge tax rebates and exemptions, financing, infrastructure support, and long term industrial planning. Similar things exist in the US, but the biggest thing though is that it's stable and not capricious, unlike the current US administration. China's support is enormous, like $230 billion over 15 years, and it's ongoing, not some random one-offs, like cash for clunkers.
