More on China and the US

Summary:
So, if there is a reason for concern regarding China in the US, it is definitely the use of their developmental state to promote technological innovation. And as the graph shows they are catching up on spending, at least. I'm not sure I agree with the WSJ here, but they are certainly moving into high tech areas like AI.

Topics:
Matias Vernengo considers the following as important: China, Developmental State

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