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China's Tech-Driven Industrial Policy Aims to Outpace US

3/25/2025

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Summary

Story summary

China's industrial policy, championed by Xi Jinping, seeks to fuse technology and industry to cultivate strategic sectors. With the New Productive Forces tackling labor shortages via automation and driving innovation through hefty government investments, China is poised to leverage its robust consumer market and engineering prowess, potentially outpacing the US in research and development spending.

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Story summary

China's industrial policy, championed by Xi Jinping, seeks to fuse technology and industry to cultivate strategic sectors. With the New Productive Forces tackling labor shortages via automation and driving innovation through hefty government investments, China is poised to leverage its robust consumer market and engineering prowess, potentially outpacing the US in research and development spending.