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?
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US-China tech war
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