Reflecting on China’s massive Foxconn incentives it is important to consider the alternative.
If China did not subsidize Foxconn, and thus the iPhone, Apple would still make them.
They would be designed for robotic assembly so they’d look different. They wouldn’t change as often. They would probably be the same price.
The big effect of China’s subsidies is to keep automation away. It is an employment intervention.
An example worth considering.