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Trade Policy in China
Trade policy establishment, people gong to conventional economists don't quite understand much. They look at this and they just see inefficiency,. Yet enormous amount of inefficiency. Theis no, no thin anybody questions that. But what they are missing, though, is the notion that certain industries are strategic in the world we now live in. And the chinese recognize that, and they're willing to suffer inefficiencies to gain a competitive advantage in strategic industries like semi conductors and quantum and the like.