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Overcapacity in low-end production has plagued other Chinese tech industries, as well. The most recent example is artificial intelligence, which Beijing designated as a priority industry in its last two five-year plans. In August 2019, the government called for the creation of about 20 AI “pilot zones”—research parks that have a mandate to use loca

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It's become abundantly clear that China is gaining in the race to develop new drugs. And though people are hesitant to believe good news coming out of China, this seems real: Western companies really are licensing these drugs. They actually work! https://t.co/tym3wrmlmH

According to a March 2024 action plan, the Ministry of Commerce, together with other Chinese government agencies, has offered subsidies to consumers who trade in old automobiles, home appliances, and fixtures for new models. On paper, the plan loosely resembles the “cash for clunkers” program that Washington introduced during the 2008 recession to

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