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Kyle Chan
@kyleichan
Fellow at @BrookingsInst China tech: AI, chips, robotics, EVs, clean energy High Capacity newsletter & podcast:
参加 November 2010
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Chinese official documents and speeches can seem repetitive and uninteresting. But it’s often the auxiliary statements and follow-on commentary that shed the most light on what’s really happening.
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Why did China just issue a new directive on "new quality productive forces"? From the NDRC explainer: "They are intended to correct problems that have emerged in practice, including blindly planning and investing without regard for actual conditions, rushing headlong into emerging and future industries, neglecting the transformation and upgrading of traditional industries, and emphasizing development at the expense of reform. These four principles must be consistently upheld in practice to ensure that the development of new quality productive forces does not veer off course, advance recklessly, or become driven by speculative bubbles."
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