Reported 11 months ago
According to a report by The Washington Post, the US House of Representatives passed a bill on the 14th that bans the sale of Chinese DJI drones in the US. The representatives pointed out that China's subsidies on drones and chips aim to expand global market dominance, putting pressure on the US and posing risks to various American industries. The subsidies have allowed Chinese drone manufacturers like DJI to hold a 77% market share in the US hobbyist drone market and up to 90% in the commercial drone market. China's subsidies in 2019 amounted to $248 billion, surpassing its defense spending and doubling the US spending, mainly provided through low-cost loans, free or inexpensive land, discounted power, and cash support from national investment funds to industries including steel plants, electric vehicle manufacturers, semiconductor developers, solar panel makers, shipbuilders, and oil producers. The US House's China Task Force plans to hear testimonies on China's subsidies in drones, semiconductors, shipbuilding, and steel industries on June 26th.
Source: YAHOO