In a recent CNBC interview, former US treasury secretary Larry Summers rejected the notion that China relied on theft and unfair means to advance its growing lead in various technological fields.
"You ask me where China's technological progress is coming from. It's coming from terrific entrepreneurs who are getting the benefit of huge government investments in basic science. It's coming from an educational system that's privileging excellence, concentrating on science and technology," he said. "That's where their leadership is coming from, not from taking a stake in some US company."
TO READ THE FULL ARTICLE
Thank you for reading The Straits Times
You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.
What is Premium?