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Opinion

The West exaggerates China's technological progress

Trump and others fundamentally misunderstand Beijing's industrial policies

| North America

Over the past two decades, China has been achieving rapid technological progress, thanks in no small part to its massive investment in research and development, which totaled some 2.2% of its gross domestic product last year.

Yet China is nowhere near the technological frontier. In fact, the distance separating it from that frontier is far greater than most people recognize.

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