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China’s Technoindustrial Policy Is More Soviet Retro Than Japan Innovation

In science and technology innovation, closed markets, proprietary standards, and ideologized scientific research policy are a recipe for retrogradation.

Following from the Fifth Plenum Communique, which sketched the form of the coming 14th Five-Year Plan, the China Communist Party released two more major technoindustrial plans, a fuller Central Committee proposal on the 14th Five-Year Plan and 2035 Long-term Goal, and Xi Jinping’s interpretation of the proposals. China’s economy is now undergoing a structural process of introducing a dual circulation model to rely more on domestic consumption while still keeping a window open to foreign markets.

This article was written by Tristan Kenderdine

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