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How China’s Government Helps — and Hinders — Innovation

Harvard Business Review

By all accounts, the Chinese state is on all-out drive to move the country up the technological ladder. Yet, along other dimensions, the state is unwittingly hindering China’s emergence as a technological giant. Total investment in R&D (as a proportion of GDP) grew from 0.9% million by 2020. in 2000 to 2.0%