Avoiding ‘Baumol’s Disease’
Subscribe to keep reading.
Trivium Tech keeps you briefed on the latest developments in China tech policy.
Already a subscriber? Log in.
Yesterday, Jiang Xiaojuan, a member of the NPC Standing Committee, published an essay arguing that China should use technology to avoid “Baumol’s Disease.”
That’s not the first time we’ve heard this: Liu He, China’s econ chief, used the same term at the World Internet Conference this year. Recap: ...