China’s innovation paradox
Industrial policy has delivered impressive technological gains without productivity growth
Industrial policy has delivered impressive technological gains without productivity growth

Beijing should focus more on domestic demand to sustain high economic growth

Reforms, faster development and lower costs have turbocharged growth

Beijing has long pursued an industrial strategy aimed at acquiring global technology

It has the advantage on both energy and practical application

Central Committee expected to highlight the importance of consumption in an economy threatened by deflation

Ferocious competition at home equips the strongest companies to prosper abroad