US study warns China's expanding Industrial power

China’s sweeping industrial push over the past decade has reshaped the global technology and manufacturing landscape, described as “interlocking innovation flywheels” that propel breakthroughs across multiple high-tech sectors simultaneously, noted a study by “US-China Economic and Security Review Commission.”

- TBG NETWORK

The report submitted to the US Congress notes that China has rapidly expanded its industrial, science, and innovation policies since 2015, deploying massive state funding, strategic planning, and nationwide coordination to strengthen its capacity to design, produce and commercialise advanced technologies.

It says, “The evidence shows that comprehensive strategic planning, massive state funding, and adaptive implementation have allowed China to overcome previous industrial policy failures.”

The report adds that China has built an “industrial commons”, a dense ecosystem of talent, supply chains, scientific infrastructure, and manufacturing capacity, that now allows Chinese firms to innovate faster and compete aggressively in global markets.