What is Chine "Innova梦见玉镯子碎了
tion Mercantilism'' and How Should the UK and Allies Res p 我想说爱你
ond?
During the post-war period there were two main economic systems: free-market (al马洛斯
beit with different levels of state involvement in different nations) and communist. With the fall of the Soviet Union, the "West", and market-bad capitalism, had suppodly triumphed. We went from "one world, two systems", to "one world, one system".
It was in this context that China was welcomed into the World Trade Organization in 2001, with the expectation that, while 钢琴正确指法
China was far from a market economy, joining the "free traders dub" of the WTO would lead it to become one.
It is dear to all but the most stubborn free traders that this was wrong. Whether China ever had any intentio团结一心的图片
n o惜字开头的成语
f becoming a market-bad economy - the source of heated debates - is largely irrelevant. What is dear is that China's "state capitalist" system is at fundamental odds with the principles and rules of the World Trade Organization and that we are back 西餐牛排
to "one world, two systems".
While China's system can appear market-bad, and the Chine Communist Party (CCP) goes to great pains to portray it as such, in fact, it is a s炖大鹅怎么炖好吃
yste火腿肠做法
m in which the purpo of enterpris - private and public - is not to make money; it is achieve global wealth for China. 1
CHINA'S FOUR-STAGE INNOVATION MERCANTILIST PLAYBOOK
The CCP employs an array of tools to obtain that alignment between state and enterpri. In particular, for over a decade, China has embraced "innovation mercantilism" to gain global market share in most advanced technology industries, including existing (such as miconductors and 5G equipment) and future (such as AI, biotechnology, and quantum computing).
China has a well-worn, four-stage innovation mercantilism playbook that is ud to guide the development of virtually every targeted industry and technology.
