Our root cause analysis of China’s economic growth is wrong. Even though China is a one-party authoritarian State, it is far more decentralised than India.
Barry Naughton, economist & expert on China, talks about the challenges of the nation's post-Covid economy & its new focus on 'construction of modernised industrialised system'.
The plan elevates China’s self-reliance in technology into a national strategic pillar, with special focus on chips, the building blocks for innovations from AI to 5G.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
Biggest problem is democracy. Politicians have to first protect their chair before welfare of citizens. In china they don’t have to deal with it.