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Xi Jinping risks toppling China's tech house of cards

Beijing ignores lessons of the recent past at its peril

| China
Employees work on the production line of silicon wafer at a factory in Jiaxing on May 25: China's semiconductor industry is one example where decades of heavy government intervention failed to achieve official objectives.   © VCG/Getty Images

Nina Xiang is the founder of China Money Network, a media platform tracking China's venture and tech sectors. She is the author of "Red AI: Victories and Warnings from China's Rise in Artificial Intelligence" and "US-China Tech War: What Chinese Tech History Reveals About Future Tech Rivalry."

China's President Xi Jinping is on a mission to re-engineer the world's second-largest economy. But he must be delicate in this endeavor or risk toppling the Chinese tech powerhouse that took four decades to build and sits at the foundation of the nation's economy.

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