This so called national team, is a myth. It never manifests itself. Apparently, national team backed national captical, executed by nationally-owned enterprises, are not agile and innovative enough when competing with private businesses. That's simply a human nature-driven market econmomy law. Chinese people are not living in an alternative universe where economy laws do not apply.
Meh not so fast.. it’s China, it has plenty of talents and execution is not a concern. Take ride sharing as an example, those stated owned enterprises CAN do tech!
> Other major state-owned automakers have rolled out their own ride-hailing brands: FAW Group established Yiqi Chuxing in 2019; Hong Kong-listed Dongfeng Motor launched Dongfeng Chuxing in 2018;
This so called national team, is a myth. It never manifests itself. Apparently, national team backed national captical, executed by nationally-owned enterprises, are not agile and innovative enough when competing with private businesses. That's simply a human nature-driven market econmomy law. Chinese people are not living in an alternative universe where economy laws do not apply.