Visitors walk past a stand with artificial intelligence security cameras using facial recognition technology at the 14th China International Exhibition on Public Safety and Security in Beijing on October 24. Photo: AFP

Is Xi Jinping’s iron grip better than Adam Smith’s invisible hand for technology innovation?

  • Although China is not standing shoulder to shoulder yet with the West on core disruptive technologies, it has emerged as an up-and-coming challenger
  • Substantial governmental funding – including research grants, loans and subsidies – is arguably one of the strongest weapons a top-down approach has
Topic |   Technology

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Visitors walk past a stand with artificial intelligence security cameras using facial recognition technology at the 14th China International Exhibition on Public Safety and Security in Beijing on October 24. Photo: AFP
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