Business Standard

From toys to TVs, a look at the evolution of what China sells to the world

China wants to build homegrown champions in cutting-edge industries that rival Western giants like Apple and Qualcomm

Apple, Huawei
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Apple, Huawei

Quoctrung Bui and Sui-Lee Wee | NYT
It’s not just about powering growth. It’s also about national security and self-sufficiency.

China wants to build homegrown champions in cutting-edge industries that rival Western giants like Apple and Qualcomm. While China has a long way to go, the Communist Party is bringing the full financial weight of the state and forcing other countries to play defense.

In doing so, China is staking out a new manufacturing model.

Economic textbooks lay out a common trajectory for developing nations. First they make shoes, then steel. Next they move into cars, computers and cellphones. Eventually the most advanced economies tackle semiconductors and automation. As they

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