Drum Tower: Xi’s doomed economic plan
Drum Tower from The Economist
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China's Ambitious Manufacturing Strategy
China is focusing on high-end manufacturing and advancing cutting-edge technologies like semi-conductors and brain computer interfaces. The country aims to replace technologies it fears the rest of the world will deny it, create technologies ahead of the world, and upgrade existing industries through substantial subsidies and investments. This ambitious plan involves an annual investment of around 1.6 trillion, which is a significant proportion of global investment and exceeds the business investment in the US.
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