The Chinese government in 2021 was pursuing a vision of capitalism similar to German industrialization—with medium-to-large manufacturing firms world-dominant in niche technologies, embedded in regulated markets, and maintaining a substantial manufacturing workforce—rather than US-style capitalism driven by consumer internet and finance.
factualpending
Speaker
Dan WongEvidence Quote
“the party has said...there are different types of capitalisms that we'd like to pursue...we would quite like to be a little bit more like Germany [11:27]”
Created: 8/12/2026, 6:44:14 PM
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