China's Model: Political Centralization and Economic Decentralization

China's model of political centralization and economic decentralization, exemplified by companies like NIO, has created a mini-silicon valley with job growth, increased tax revenues, and rising real estate values. While this approach has its challenges, such as waste and inefficient investments, there is wisdom to be gained from China's innovation model. Recognizing and learning from each other's approaches can drive technological advancement and competition. The mutual learning and threat of being overtaken push the technology frontier further. However, it is important to respect national security concerns when exploring the possibilities between countries.