This article by Ed Conway (Sky News) is interesting.
I've just got round to reading this, very interesting thanks Paul.
It strikes me that what we are witnessing is the result of a multi-decade strategic industrial plan, something that only a centrally-controlled economy could achieve. One of the major weaknesses of the west's economies appear to be that the prioritisation of short-term investor returns mitigates against being able to do anything similar. It looks like the Chinese have got us beat.
