Beijing has never been shy about supporting its 'single champions,' including getting actively involved in their 'dynamic management' & offering them preferential politics, including funding, at both national & provincial levels.

More from my research: forcedistancetimes.com/wp-content/upl…

EU raids Chinese airport scanner maker Nuctech looking for evidence of state financial help.

But evidence has been openly available for years: in 2017, Beijing listed Nuctech a 'single champion'—leading firms in key industrial nodes that BJ supports to win global market share

Seems that Hong Kong's national security apparatus is having some teething problems: the govt auditor faulted the lack of a specific national security clause in contracts with a service provider tasked with implementing the elderly dental program aud.gov.hk/pdf_e/e82ch02.…

All these 'anti-terrorism' 'tip-offs' but the national security industrial complex still can't manage to catch the people who illegally feed wild monkeys

Oh, wow. US Clean Energy Manufacturing grants include $255.6 million for Highland Materials to set up a 20,000 ton/year polysilicon plant.

- First greenfield polysilicon plant announced outside China for years
- who tf is Highland Materials?

energy.gov/articles/biden…

'...there's a case to be made that Germany is proving to be a useful idiot for Beijing’s purposes: someone 'who can be manipulated or exploited to advance a cause or political agenda.''

More: theasymmetric.substack.com/p/germany-scho…

This is an important observation that deserves more emphasis

Much of US-China tech competition narrative focuses on semis and genAI. Consensus view: China is behind but trying hard to catch up. On AI, Joe Tsai says 2 years, I've said 2-4 years, others said at least 1 year --…

So I at least found this Bloomberg headline misleading -- in most of the sectors they examined (batteries, PVs, ICEs and for that matter cement and glass) they found evidence of excess capacity in China leading to export surges

16/

bloomberg.com/news/articles/…

'China shock 2' is a misnomer though catchy for headlines. China's manufacturing improvements/ambitious never ebbed, they moved up to higher end goods. That👏was👏the👏plan. Articulated clearly in gov't speeches and documents. Shock is only due to foreign firm/govt complacency.

'It is perhaps trite to say that a book of history helps us to understand the present. Yet this work gains greater urgency because it cuts against an ethno-nationalist narrative already ascendent in mainland China.' Excellent book review essay by Antony Dapiran:
chinabooksreview.com/2024/04/04/in-…