Wall Street Journal: “China is racing to make itself less reliant on the outside world’s products and technology — part of a yearslong effort by leader Xi Jinping to make China more self-sufficient and impervious to Western pressure as tensions with the U.S. rise.”
“Beijing has poured hundreds of billions of dollars into favored industries, especially in high-end manufacturing, while exhorting business leaders to fall in line with the government’s priorities. In many ways, the effort is succeeding.”
