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2min chapter
China’s next generation
The Rachman Review
The Importance of Innovation in China
The US is printing out a bunch of aggressive policies to try to hobble China's technological growth, but we have to remember China has an innovation ecosystem within the country. There's close proximity between downstream players like EVs and artificial intelligence companies with chip companies. Their close proximity means that their demand will drive these innovation efforts. But even when that happens, it will still on a per capita basis be much poorer than the United States or Western Europe. The catching up growth is much easier than becoming a rich country.
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