Chinese economy has begun slowing after three decades of economic boost, but still, relatively growing fast by the standards of other countries in the world.

Doug Fuller once describe China as 'Paper Tigers, Hidden Dragons' findings suggest that China's state and domestic market institutions are ineffective, the hybrids promise an alternative way to avoid the middle-income trap.

By documenting how variation in China's institutional terrain impacts technological development, the book also provides much needed nuance to widespread yet mutually irreconcilable claims that China is either an emerging innovation power or a technological backwater.

Looking beyond China, hybrid-led development has implications for new alternative economic development models and new ways to conceptualize contemporary capitalism that go beyond current domestic institution-centric approaches.
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Question) Why does Doug Fuller consider 'hybrid' firms can help China innovate much more than its State-Owned Enterprises (SOEs)? (200-300 words)

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Doug Fullers perspective on the potential of hybrid firms over StateOwned Enterprises SOEs in drivin... View the full answer