Economic Policy
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Li Daokui of Tsinghua University Proposes 100 Million Yuan Government Subsidy for Idle Production Lines to Aid Xiaomi Auto Expansion
Economist Li Daokui advocated for government subsidies to help automakers like Xiaomi Auto expand production capacity, addressing demand-supply gaps in the EV market. He proposed RMB 100 million per production line for companies exiting, matched by firms like Xiaomi, to facilitate asset exchange. Li also suggested increasing national debt issuance to 40-50% of GDP to replace local government debt, enabling better public service provision.
