Countries contemplating letting Chinese firms invest in areas like EVs should seek to emulate China’s strategy in full.
Turkish President Recep Tayyip Erdoğan (center), BYD Chairman and CEO Wang Chuanfu (third right), and Turkish Minister of Industry and Technology Mehmet Fatih Kacir (third left) attend the BYD New Energy Vehicle Investment Signing Ceremony in Istanbul, July 8, 2024. Credit: Presidency of the Republic of Türkiye via
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The tables have turned. Western governments are now contemplating extracting industry-leading know-how from Chinese investment in order to help modernize their domestic manufacturing.
A poster which reads "Deng Xiaoping, the general architect of reform and opening up", 1991. Credit: BG E37/533 (chineseposters.net, Landsberger Collection)
Call it the “Reverse Deng,” in homage to Deng Xiaoping, the chief architect of China’s reform and economic opening up in the 1980s. Deng
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