Dan Wang, Hoover Institution Research Fellow and author of Breakneck, evaluates the real-world results of recent US industrial policy legislation.
Prediction Not checkable as stated
Wang: China will not implode; US-China competition is a long-term grind
“There is no implosion. When one side is ahead, the other side will overstep, and then the, then, and then they'll need to catch up. And so I want to say that there is no winner here. There is no loser here. It's not a race. Nobody gets to hit the win button. A…”
Insight
Wang: In China's economy, consumers and state win while investors lose
“So, you know, socialism with Chinese characteristics also means to me investors and companies kind of lose. They're pretty miserable. Consumers win, and the national government wins.”
Assertion Not checkable as stated
Wang: Chinese manufacturers retooled faster than US firms in COVID crisis
“When China had a crisis, as it did in with the COVID pandemic, when it had a production issue, there were a lot of pretty inefficient state-owned enterprises, as well as entrepreneurial firms that had a giant workforce that had a lot of slack in the system, an…”
Prediction Not checkable as stated
Wang: U.S.-China competition will last decades, unresolvable by AI alone
“What I want to say is that the competition, I believe, between the U.S. And China will Last for decades. It will not be solved or resolved through any single technology, not even a technology as crucial as artificial intelligence.”
Assertion Not checkable as stated
Dan Wang: China is advancing tech capabilities faster than the US
“Over the last 15 years, the U.S. Has a lead on software, no question about that. But its manufacturing and hardware has not gotten that much better. So the Chinese are learning at a much faster rate and patching up their deficiencies than the Americans are.”
Insight
Wang: China's foreign policy is engineer-driven infrastructure diplomacy
“The way that I would characterize China's foreign policy is that it's very engineer-driven. They, the way that they conduct a lot of diplomacy in Africa and Southeast Asia, as well as Latin America, is just to go up to these countries. Build some roads. Build …”