Why China's manufacturing economy is dominating — Arthur Kroeber

<p>Arthur Kroeber is a leading researcher on Chinese tech and macro, a founding partner at <a target="_blank" href="https://research.gavekal.com/">Gavekal Dragonomics</a>, and author of <a target="_blank" href="https://www.amazon.com/Chinas-Economy-Everyone-Needs-Know%C2%AE/dp/0190239034">"China's Economy: What Everyone Needs to Know."</a> It's the most useful, detailed resource I've found of how China actually works.</p><p>On this episode, we discuss how China achieved high-tech manufacturing dominance, and where they'll go from here. By Arthur’s account, the Chinese government is like a giant VC fund: they decide on key priorities and then spend hundreds of billions of dollars subsidizing ruthless competition at the local level. They are willing to lose huge amounts of money for a few of their bets to pay off: at China’s scale, effectiveness matters more than efficiency.</p><p>There's also a growing bipartisan consensus that we need to combat China's rise. This doesn’t make much sens...