China has fostered development of its own technologies for decades, and the continuing trade war with the US makes it more imperative than ever. Illustration: Yan Jing Tian
China has fostered development of its own technologies for decades, and the continuing trade war with the US makes it more imperative than ever. Illustration: Yan Jing Tian

Does top-down, state-led innovation work? Just ask Silicon Valley

  • In 2017 alone, China’s central and local governments allocated US$7.7 billion in subsidies to both carmakers and buyers
  • But how big should the state’s role be in fostering innovation?

China has fostered development of its own technologies for decades, and the continuing trade war with the US makes it more imperative than ever. Illustration: Yan Jing Tian
China has fostered development of its own technologies for decades, and the continuing trade war with the US makes it more imperative than ever. Illustration: Yan Jing Tian
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