It does poke a hole through the concept of markets that are free of government intervention lead to cheaper goods. I doubt these subsidies don’t further government revenue in some way, so is the Chinese government a better capital allocator than the free market? They’ve made bets on solar, EVs, battery tech, and pretty much everything related to advanced manufacturing bar the latest CPU lithography, and right now they’re winning. Such a narrative couldn’t sit well with the US that poses as the poster child of laissez-faire capitalism (though often with heavy government interference of its own)