In China this is common when everyone wants to do or appear to do Govt promoted ideas and schemes to get govt subsidy. [1]
If they do not act in time someone else will get it.
It works somewhat similar to startup world where one raise money with compelling story, just in this case instead of VC it's govt money. Some survive and become big, but most fail. Obviously some are outright fraud.
If they do not act in time someone else will get it.
It works somewhat similar to startup world where one raise money with compelling story, just in this case instead of VC it's govt money. Some survive and become big, but most fail. Obviously some are outright fraud.
[1] https://www.scmp.com/news/china/economy/article/1976825/chin...