China Faces Pressure to Overhaul Industrial Policy for AI Era
• China needs to adjust industrial policies to brace for disruptive technologies like AI and quantum computing that could revolutionize economies
• China's past economic success was based on selective industrial policies, but functional policies needed now
• Urgency to shift policies heightened by US containment and China's 2050 economic ambitions
• China must make "groundbreaking" policy changes or won't become a tech/economic leader
• China should develop small/medium enterprises to explore technologies since winners hard to predict