
172. Venture Capital, Chinese Style
This Machine Kills
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The Five Year Plan for China's Industrial Development
China is pouring billions and billions of lage into the stips as a part of these five year plans a that it has, which you might talk about later. It's been wildly successful policya in the sense of trying to concentrate economic activity around a few specific regions. But also at the same time thatas we talked about, geography can create competitive advantages and disadvantages. There are thousands of them across the country that function some as regional, some as local, but as national incubators or organizing clusters of national networks.
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