The Avocado Toast on the Wall: The Paradox of China’s Rise

Document Type

Other

Publication Date

5-15-2018

Publisher

Pacific Council on International Policy

Abstract

Trade negotiations between the United States and China opened this week in Washington. A major issue on the table is China’s subsidies for advanced technologies. However, China’s technological rise cannot simply be explained away as a product of unfair trade practices. The Chinese government has developed a "smart mix" of picking and subsidizing national and regional champions along with market-based investment. China today has 34 unicorns—privately-held technology companies worth over a billion dollars. Silicon Valley has 128.

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