China's model of economic development was derived originally from the Soviet Union's planned economy, and China decided very early on to develop positions in key industries important for national security and economic development by using state planning mechanisms to invest huge resources to create whole industries from the ground up, an approach used since the 1950s.
factualpending
Speaker
Glenn TiffertEvidence Quote
“China's model of Economic Development was derived originally from the Soviet Union's planned economy and so China has decided very early on to develop positions in key Industries and industries that were important for National Security and economic development by opting through the state planning mechanism to invest huge resources to create whole industries from the ground up”
Created: 8/10/2026, 11:07:41 PM
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