Even the intelligent manufacturing factories themselves are directly provided by local governing bodies to its innovative enterprises, in addition to capital for high-tech industries which comes directly from state-owned Chinese banks which have the highest savings ratios from its citizens in the entire world.
Meanwhile, the national government creates all kinds of collaborative opportunities between state universities and the private sector, having the highest R&D contribution coming from its universities than anywhere else in the world.
In addition to all the other types of innovative infrastructure, fiscal benefits, funding mechanisms, etc, for the same mentioned industries.
That's why other countries simply don't stand a chance against China in innovation/sci-tech. This is world-leading unity, coordination, speed, efficiency, effectiveness, and performance.
This is the most superior political governing structure in the entire history. Chinese higher officials themselves have Elon Musk-level IQs and are like technological entrepreneurs themselves, understanding technology and business on a very high level.
It was always like this, but in recent years they put this high-tech expansion on the turbo. Probably either due to potentially seeing a good opportunity to take market share from the Western manufacturers globally now that those countries are having big trouble economically, and keep it permanently, or preparing for more kinds of technological sanctions or other kinds of attacks from the West, possibly even violent.
