What is Chine "Innovation Mercantilism'' and How Should the UK and Allies Res p ond?
During the post-war period there were two main economic systems: free-market (albeit with different levels of state involvement in di白酒行业现状分析
fferent 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 China was far from a market econo洛阳介绍
my, 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 intention of 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 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十月的缩写
, in fact, it is a system 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 INNOVAT法治人物
ION MERCANTILIST PLAYBOOK
The CCP employs an array of tools to o3月的英文
btain that alignment between state and enterpri半圆的方程
. 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 equipm木土
ent) 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.
