After nearly 5 decades of inward-looking policies, China moved to modernise telecommunications (hardware) industry where they promoted
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After nearly 5 decades of inward-looking policies, China moved to modernise telecommunications (hardware) industry where they promoted latecomer firms like Huawei, ZTE, China Telecom etc. to become national champions (NCs). China provided encouragement to these NCs to benefit from foreign technology transfers. It also allowed the NCs to strike joint ventures with MNCs, gradually liberalising its stance on FDI further. Identify China's strategy of catch-up in the light of what you learnt about so far in the course
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