American Tariffs are not enough to stop the rise of China’s tech supremacy.
Capitalism has been too focused on short term profits and financialisation of the economy. When the smartest minds go to Wall Street or London to design complex derivatives rather than becoming engineers or scientists, the country’s “real” innovation capacity can stall.
China on the other hand has been building its technical expertise and a hard manufacturing base. The money engineers may know how to make a fast buck, but it takes real engineers to design and build products that the world needs and wants.
More:
China’s 40 year history of economic transformation World Economic Forum
China Tech Dominance LinkedIn
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