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US-China tech war: state-led economy crucial to meet challenges of American sanctions, says prominent economist

Summary:
[unable to retrieve full-text content]China’s socialist economic model that mixes strong government direction and support within a market economy is the key to faster development and meeting technology challenges posed by US sanctions, according to Bai Chong-en, dean of the School of Economics and Management at Tsinghua University.The government will play a crucial role in the development of “chokehold technologies”, areas of knowledge where the United States has weaponised its advantages by banning or sharply reducing the ability…

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[unable to retrieve full-text content]
China’s socialist economic model that mixes strong government direction and support within a market economy is the key to faster development and meeting technology challenges posed by US sanctions, according to Bai Chong-en, dean of the School of Economics and Management at Tsinghua University.The government will play a crucial role in the development of “chokehold technologies”, areas of knowledge where the United States has weaponised its advantages by banning or sharply reducing the ability…

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