They've steered a massive ship (and its crew) well enough to corner the manufacturing market for everything, globally, in less than 30 years. They've steered that same ship well enough to create mirror (and sometimes superior) industries in pretty much everything else. They also created global soft power in the process.
If they need to retool/manage gig work, the command and control economy in China has a much better chance at figuring it out than waiting for the "hand of the market" in US.
Not to detract from the fact that China did indeed do a lot of things right, but I wonder how much of this was not going to happen anyway since the country was the most populated in the world and had low wages compared to the west.
They've steered a massive ship (and its crew) well enough to corner the manufacturing market for everything, globally, in less than 30 years. They've steered that same ship well enough to create mirror (and sometimes superior) industries in pretty much everything else. They also created global soft power in the process.
If they need to retool/manage gig work, the command and control economy in China has a much better chance at figuring it out than waiting for the "hand of the market" in US.