Published on: 2026-08-04
Source: People’s Republic of China — Translation
An important disclaimer is at the bottom of this article.
The website of the American Ludwig von Mises Institute published an article on July 20 stating that the West widely propagates the myth of “American exceptionalism,” meaning that the United States is unrivaled in terms of science and technology, military power, economic dynamism, and cultural influence. At the same time, the real situation is that China is rapidly developing in the field of scientific and technological innovation.
The article notes that the best innovators thrive in competitive environments and will not erect high walls for so-called “self-protection.” Rather than relying on a global imperial system, China has chosen its own pragmatic and effective path of economic development and has achieved remarkable successes in areas such as electric vehicles, batteries, robotics, chip manufacturing, and large language models.
The harsh measures of the United States against Chinese technology companies are not a show of strength, but an act of desperation. A typical example is the imposition of high tariffs on Chinese electric vehicles under the pretext of so-called “national security,” which in fact blocks their access to the US market.
Some Western financiers are gradually coming to their senses. They believe that China’s strategy of independent development remains the main driving force of domestic economic growth, and that China is gradually becoming a leader in new technological fields, possessing world-class advanced manufacturing capabilities in areas such as large industrial batteries and robotics.
Thurston, a Chicago-based investment fund manager, said after a recent visit to China that China is rapidly gaining momentum in the fields of large language model development and graphics processors, and has already created a fully integrated ecosystem for the artificial intelligence industry.
The article concludes that the wave of innovation in China is only just beginning. In the next 10, 20, and more years, the key to whether global investment portfolios can achieve excess returns may lie in taking advantage of this Chinese opportunity as early as possible.
Please note; This information is raw content obtained directly from the information source. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.