I recently picked up a Bambu P2S (3d printer) after seeing rave reviews. I can confirm it lives up to the hype. Looking forward to a robot maid around the end of the decade.
China's unofficial policy is to allow and tolerant competition within the sector -- and their economics model encourages the creation of a lot of companies in the same sectors too.
Well, so far as the governments get VAT from the manufacturers, they are getting a return on their investments. They are more like mutualizing the companies than subsidizing them, that is the successful or mature ones are getting taxed to help the nascent ones.
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