Seeking to become a dominant force in global high-tech manufacturing, the Chinese government launched what’s being called “Made in China 2025.” By using subsidies, mobilizing state-owned enterprises, and pursuing intellectual property acquisition, the program aims to catch up with, and then surpass, western technological prowess in advanced industries. However, Washington argues that the policy relies […]
Is the Chinese economic model doomed or is the Western business press making much ado about nothing?
Two recent news items out of China have raised expectations that the new leadership in Beijing intends to push ahead with major market-oriented policies. The first is an announcement that a key Communist Party conclave will gather in November to set out an economic blueprint for the coming decade. The second is that Jiang Jiemin, […]