2min chapter

ChinaTalk cover image

US-China Chip War

ChinaTalk

CHAPTER

Transitioning to Being a Leader Is Much Harder

MCC hugely capable incredible incredible product they got what 20 billion 30 billion in subsidies. So I agree with that economic framework and tiger in the tiger economies book. But the there's a key step there which is they can close the gap but actually transitioning to being a leader is much harder. That transition from a middle sort of the middle income trap and be able to transition into becoming a world leader is very very difficult.

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