"China's Bold Industrial Strategy: A Glimpse into the Future"

1 min read
Source: The New York Times
"China's Bold Industrial Strategy: A Glimpse into the Future"
Photo: The New York Times
TL;DR Summary

China has surged ahead in global manufacturing, particularly in clean energy, by leveraging government and banking power, and fostering competition among private companies. The U.S. and Europe are now trying to catch up by investing heavily in domestic industries and blocking Chinese products, but China's decades of experience and infrastructure investments give it a significant advantage.

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