CNN CNN Special Report December 4, 2021 02:37:00
Sector-led system. >> after decades of growth fuelled by china's private sector, xi had inherited the world's second largest economy. but china also faces serious challenges, an aging population, crippling debt, and a slowing export machine. >> a big concern for the leadership was how to keep the growth going. >> so, they unleashed the tech sector. at first the company seemed like copy cats. that changed fast. >> no one out there thought that china today would be at parody with united states and major technologies. they thought these guys would steal stuff. >> by 2020 the tech sector had explo...