Comment by dghlsakjg

I think a better term might be a “steered economy”. You see fierce competition in some very specific and preordained market areas. Lithium batteries, solar panels, electric cars, industrial and autonomous robots, AI.

Now go look at the 5 year plan from Beijing. Green technology, robotics, mature node chips, and AI are the focuses.

In other words, it isn’t a mistake that China dominates in the industries that it does.