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Why is China producing so many export goods, anyway?
Six theories.
And since Xi Jinping doesn’t seem to believe that consumption and service industries make a country strong, the natural alternative for keeping young Chinese people employed is just to manufacture a whole bunch of stuff. Xi explained the logic behind [all this] to a gathering of Chinese scientists held [in 2016]….Xi argued that “historical experience shows that [these] technological revolutions profoundly change the global development pattern.” Some states “seize” this “rare opportunity.” Others do not. For example, if you read the White House’s report on “critical and emerging technologies”, the language is a little less millenarian, but the basic idea is recognizably the same — if you want your country to be powerful, it’s good to monopolize strategic cutting-edge high-tech industries as much as you can.
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