China’s Innovation Paradox
https://www.ft.com/content/b44458cc-03fd-46a1-b003-b7a097419e66
Industrial policy has delivered impressive technological gains without productivity growth.
A New Challenge for China’s Economy: ‘Involution’
https://www.wsj.com/world/china/a-new-challenge-for-chinas-economy-involution-419500f1
Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.
https://www.ft.com/content/b44458cc-03fd-46a1-b003-b7a097419e66
Industrial policy has delivered impressive technological gains without productivity growth.
https://www.wsj.com/world/china/a-new-challenge-for-chinas-economy-involution-419500f1
Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.