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Entry barriers could easily thwart China’s tech plans

Wednesday, June 9, 2021

Significance

These are: artificial intelligence, semiconductors, quantum computing, genetics, biotechnology, neuroscience and aerospace.

Impacts

  • It is not always useful to view technological competition between China and the West as a ‘race’.
  • China will likely burn significant capital just to achieve parity with advanced countries, and may never achieve it.
  • Low margins will encourage protectionism and import substitution, with an impact on efficiency and productivity.

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