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Biden-era officials urge focus on hi-tech strategy, not a US manufacturing revival (www.scmp.com)

submitted 4 months ago by rss@news.abolish.capital to c/china@news.abolish.capital

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Washington should focus its industrial policy on strategic, cutting-edge technologies rather than trying to bring back manufacturing wholesale, particularly in areas where the US has little competitive advantage, said members of the former Joe Biden administration. This comes at a time when US policy circles are debating whether the nation should borrow some of China’s playbook as the bilateral competition intensifies and how far it should go as China’s state-led system makes a big bet on...

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