The Economics Show: China wanted western tech. Now, the tables have turned.
Today, we're bringing you an episode from another podcast in the FT stable: The Economics Show with Soumaya Keynes
For decades, China accelerated its industrial development through a straightforward bargain: foreign firms invested in China, often through joint ventures, gaining access to the enormous Chinese market, while Chinese companies absorbed western tech and knowhow. Today, that dynamic is changing. China's high-tech industries are now world-leading, and western governments are looking on enviously. So should the US and EU now take a page from China's playbook? Host Soumaya Keynes…
The skinny
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