Each spring, China releases a government budget report that provides valuable insights into the country’s spending priorities and overall fiscal health. Yet these budgets can be difficult to parse, and the topline figures only tell part of the story. This ChinaPower feature untangles the details behind China’s government budget. The post Making Sense of China’s Government Budget appeared first on ChinaPower Project.| ChinaPower Project
There may be no more important question for the West’s competitive position in advanced industries than whether China is becoming a rival innovator. While the evidence suggests it hasn’t yet taken the overall lead, it has pulled ahead in certain areas, and in many others Chinese firms will likely equal or surpass Western firms within a decade or so.| itif.org