I wouldn’t label it as state run even though 🇨🇳 does have a state run economy. What I think the message here is that neoliberalism and free markets are a failed ideology and it’s important for countries to have industrial policy.
While the companies are private, the state is ultimately setting the direction and ensuring that things of national interest get the funding and resources they need. China also tends to nationalize companies once they become big enough to be of national interest. And yeah, I think China is very clearly showing that neoliberal ideology is a failure by comparison.
I wouldn’t label it as state run even though 🇨🇳 does have a state run economy. What I think the message here is that neoliberalism and free markets are a failed ideology and it’s important for countries to have industrial policy.
While the companies are private, the state is ultimately setting the direction and ensuring that things of national interest get the funding and resources they need. China also tends to nationalize companies once they become big enough to be of national interest. And yeah, I think China is very clearly showing that neoliberal ideology is a failure by comparison.