Does the current trade-talk stalemate between the U.S. and China portend a larger confrontation? Oksenberg-Rohlen Fellow David Lampton says yes, and shared with VOA Asia reasons for why the two countries find themselves so much at odds. Listen below (first 8 minutes):
Motivated by the realization that China’s economic growth model is about to become obsolete, the Chinese government has been using various subsidies to encourage innovations by Chinese firms. This study examines the allocation and impacts of innovation subsidies, using the data from the China Employer Employee Survey (CEES).