China’s innovation paradox

Financial TimesSunday, October 19, 2025 at 11:00:09 AM
China’s innovation paradox
China's recent advancements in technology through industrial policy have been remarkable, yet they come with a puzzling twist: despite these gains, productivity growth remains stagnant. This paradox raises important questions about the effectiveness of current strategies and their long-term implications for the economy. Understanding this dynamic is crucial as it could shape future policies and influence global economic trends.
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