In the year of the snake
Looks like China is winning. I’m serious. Its not just Deepseek, or EVs. But these two examples are illustrative of the strategy that China is embarking upon in order to move its economy and people to the next level. In order for China to compete in high tech, in order for it to avoid the middle income trap, it is choosing to compete in areas that are still relatively open. The People’s Republic is also…