China's most productive and fastest-growing firms have been those most private in orientation and most market-oriented, responsive to market forces and capital allocation, whereas China's semiconductor industry has been dominated by state-led and state-owned enterprises that have burned through phenomenal amounts of capital with only modest goals met, achieving nothing on the scale of what China had hoped.
causalpending
Speaker
Glenn TiffertEvidence Quote
“China's economic growth in the most productive firms in the country are the ones that have been most private in orientation...those that were most Market oriented and most most responsive to the market and to Capital were generally the highest performers the problem has been that China's chip industry has tended to be state-led and state-owned Enterprises and they've burned through phenomenal amounts of capital”
Created: 8/10/2026, 11:07:41 PM
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