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Governments certainly try. The US does the similar efforts through subsidy type programs, I don't think the Chinese government are able to accurately pick indus
by infecto 3y ago
Governments certainly try. The US does the similar efforts through subsidy type programs, I don't think the Chinese government are able to accurately pick industry any better. They have more force to put behind their decisions, like building ultra cheap real estate, roads and general infrastructure but I am not sure they have the ability to pick a specific piece of industry any better.