Chapter 8 Business Models at the Heart of China’s Emergence

We’ve been trying to exchange market access for technology, but we’ve barely gotten hold of any key technologies in the past 30 years.1

—A leader of a Chinese car maker bemoaning the fact that the “learn and catch up” business model has failed to create a competitive indigenous Chinese auto industry.

The significant scientific and engineering obstacles and the resulting high cost of developing thorium-powered reactors may require the sort of long-term commitment and resources that only another world power, like China, can provide.2

—A foreign commentator expressing the hope that China will achieve “novel product” innovation through developing power generation using molten salt reactors. ...

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