At its annual meeting in October, the Chinese Communist Party approved its plan for economic policy over the next five years through 2025, as well as a long-term plan through 2035. It is strange that China, which now claims to be a market economy, insists on implementing a five-year plan -- a practice acquired from the Soviet Union in the 1950s. Moreover, the plan makes clear China's strategy to seize technological hegemony from the U.S. The friction between them that will likely grow as a result is worrisome.



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