Forbes: China is Closing the Innovation Gap with America – Bad News for US-China Trade War

Access Partnership's Public Policy Manager and China practice lead Xiaomeng Lu was quoted in Forbes: “China’s attention is now turning to the quality and impact of innovation. Chinese Internet giants Alibaba and Tencent have grown to rival their American counterparts – Amazon and Facebook. However, in terms of innovation, China has mixed experience." Read the full article here.

Access Partnership’s Public Policy Manager and China practice lead Xiaomeng Lu was quoted in Forbes:

“China’s attention is now turning to the quality and impact of innovation. Chinese Internet giants Alibaba and Tencent have grown to rival their American counterparts – Amazon and Facebook. However, in terms of innovation, China has mixed experience – they have achieved some successes with military-oriented technologies – i.e. Beidou satellites.” The trouble is that China’s innovation policies end up wasting resources, Lu adds. “China’s continued effort to force commercial technology innovation through state planning has resulted in a massive waste of resources and generated little result. China’s push to grow an indigenous semiconductor industry is a salient example of this failed attempt.”

Read the full article here.

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