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6min chapter
Seeking Truth From Facts: Alf & Steve Hsu — #68
Manifold
China's High-Tech Manufacturing Revolution
This chapter examines China's rise as a global force in high-tech manufacturing, focusing on the interplay between central policies and local governance. It also discusses the overcapacity challenges in the electric vehicle sector and contrasts subsidy strategies with those in the West, while highlighting the role of local leaders in fostering innovation and managing traditional industries.
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