1. Upgrade industry.
2. Utilize Private Markets: Strengthen IP and position in global markets.
3. Focus on advanced Information Tech (like AI, VR, AV), aerospace, maritime, energy, power, agriculture, materials, and biopharma.
The answer is more no than an emphatic yes.
Conform. Not Confront.
When does disruptive innovation conform?
@katherineykwu recently broke the news of Chinese censorship a vaccination scandal on Ethereum. If new tech produces disharmony, censored. No funding can change this.
Homogenization creates interdependence, not independence.
Look at #BAT.
Cycles invite macro discussion: can China endure for tech cycles to play out?
E.g., a startup need to downsize to innovate, but this weakens Chinese-set productivity targets, will China let them?
State Control cannot sustainably address this debt.
China can run. It cannot hide.
The next crisis is not if, but when.
China has a classic Innovator's Dilemma. What's worked in the past will not work for the future. It needs to cannibalize its strategy and transition.
Can it afford to? Will it?