No, because high quality development focuses on innovation, sustainability and green development instead of raw growth via low quality development (construction, low-end manufacturing etc.) They could ramp up low quality development faster and thus achieving higher growth rates in the short term. But they are focusing on long term strategic goals.
China just retaliated by issuing export restrictions for some rare earths, which is an indicator that they are rapidly approaching self sufficiency in many aspects. There are still some major hurdles(EUV alternatives, high end AI accelerators, software stack) but if the current speed of development is any indication, then these too will be overcome and probably much faster than many anticipate.
> They could ramp up low quality development faster and thus achieving higher growth rates in the short term. But they are focusing on long term strategic goals.
Mathematically there can be only rate of growth at any point in time.
> But they are focusing on long term strategic goals.
You can say the same about US.
> There are still some major hurdles(EUV alternatives, high end AI accelerators, software stack) but if the current speed of development is any indication, then these too will be overcome and probably much faster than many anticipate.
It can go this or that way. With access to Western tech cut off, rate of pilfering from the West will also decrease, so that needs to be factored in too.
> Mathematically there can be only rate of growth at any point in time.
Huh? I don't understand what you mean by that. Different development strategies can result in different growth rates. Some will just take longer to ramp up but will pay off in the long term.
> You can say the same about US.
All major developed economies try to focus on high quality growth. The question is who is able to accomplish their goals faster/better. Considering the flexibility, strategic planning and political will, my bet in on China.
> It can go this or that way. With access to Western tech cut off, rate of pilfering from the West will also decrease, so that needs to be factored in too.
That is exactly why they are doing dual circulation and focusing on Latam, Asia and a Africa.
No, because high quality development focuses on innovation, sustainability and green development instead of raw growth via low quality development (construction, low-end manufacturing etc.) They could ramp up low quality development faster and thus achieving higher growth rates in the short term. But they are focusing on long term strategic goals.
China just retaliated by issuing export restrictions for some rare earths, which is an indicator that they are rapidly approaching self sufficiency in many aspects. There are still some major hurdles(EUV alternatives, high end AI accelerators, software stack) but if the current speed of development is any indication, then these too will be overcome and probably much faster than many anticipate.