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

Tech / Start-ups

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?

Topic | US-China tech war

Zen Soo and Iris Deng

Published: 3:00am, 15 Jun, 2019

Updated: 9:09am, 15 Jun, 2019

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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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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?

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?