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Michael Pettis
michaelpettis.bsky.social
did:plc:aday7msfnpqba7psqpjq3pij
This very interesting FT article on the evolution of drone manufacturing and use in China is also a reminder of what we once used to know, which is that industrial policy has a huge effect on where new industries are likely to develop.
https://www.ft.com/content/65e4bb30-b04c-4f0e-8686-effb96398999
2025-06-19T04:37:55.542Z