Robotic arms busy working on the assembly line in Geely Auto Ningbo factory in Ningbo, east China's Zhejiang Province. At last year’s Communist Party Congress, President Xi Jinping was adamant China needs to make a transition from pursuing the speed of growth to the quality of growth. Photo: Xinhua
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

If China can fire on all cylinders, a revival of the productivity cycle is attainable

With the ambition of turning China into a global leader in technology, the government has spent significant resources in R&D in recent years, narrowing the gap between China and the US, in per-GDP R&D spending, substantially as a result.

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Robotic arms busy working on the assembly line in Geely Auto Ningbo factory in Ningbo, east China's Zhejiang Province. At last year’s Communist Party Congress, President Xi Jinping was adamant China needs to make a transition from pursuing the speed of growth to the quality of growth. Photo: Xinhua
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