Success of Chinese carmakers defies our pet theories - The Times
thetimes.com
China's EV dominance blows up the West's favourite models of innovation — and the real engine turns out to be something neither pure capitalism nor state control can fully explain.
Industrial PolicyPublic-Private PartnershipComparative AdvantageInnovation Systems Theory
Theory Briefing
- Chinese EV makers have surged globally despite Western assumptions that state-heavy economies stifle competitive innovation.
- Localised public-private partnerships — not central planning or free markets alone — are fuelling China's electric vehicle boom.
- The UK could reshape its own growth strategy by studying a model that defies both liberal and statist economic orthodoxies.