China is a country full of driven and ambitious people,in the view of Donald Feigenbaum of The Eurasia Group.Scale is something that China,with its huge population, has going for it.They want to compete in technological developments such as high speed rail and green energy.They are looking to attack any sector tied to the economy.
On the other hand,it is harder for China to engage in basic innovation.And China is not the first country to have an industrial policy.Having one doesn't mean they'll succeed across the board,Mr.Feigenbaum pointed out.
Many observers feel China is experiencing a mid-cycle slowdown.Some of this is self-imposed,to prevent the economy from overheating-particulary the property market.
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