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Can China Innovate Without the Platform Economy?

In: China’s Technology War

Author

Listed:
  • Andrew Collier

    (Pine Court)

Abstract

The technology crackdown, and related policies like Common Prosperity, do not help the economy move forward, but instead put roadblocks in its place. In Xi Jinping’s view, the platform economy provides convenience to consumers but does not contribute to the country’s economic future, which he believes should be tied to “hard” technology like semiconductors. Policies designed to reduce financial risk and improve equality such as the proposed property tax are infeasible given domestic institutional obstruction. Innovation will be more difficult if constrained by state imperatives and a reduction in private capital. Experiments in state investments in the semiconductor industry have been mostly failures. The platform economy offered innovation with scalability in the internet services sector. There may be an economic need to revive support for the platform economy.

Suggested Citation

  • Andrew Collier, 2022. "Can China Innovate Without the Platform Economy?," Springer Books, in: China’s Technology War, chapter 0, pages 69-85, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-3042-3_5
    DOI: 10.1007/978-981-19-3042-3_5
    as

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