So we are losing this battle. And two things can be true at the same time. China's economic model is not sustainable. It has to cave in on itself at some point. But in the interim, and that may be many, many years down the road, they are gaining leads because of the model they put forth and in particular the subsidization of key technologies, artificial intelligence and microchips and so forth. (14:42–14:48)
CLAIM
Asserts that China's economic model is unsustainable and will eventually collapse.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
