In social media posts, podcasts, interviews and newsletters, the elites of the American tech sector are marveling at China’s speed in building infrastructure, its manufacturing might and the ingenuity of the A.I. company DeepSeek. At the same time, they are lamenting aging infrastructure and cumbersome regulations in the United States, and an economy that can’t seem to make screws or drones, or the machines that manufacture them.
Suddenly, Chinese firms once dismissed as copycats are being studied for lessons on efficiency and scale. China’s top-down, state-led system is being reframed not as a political liability but as a model of efficiency and execution.
But then who will make more money for the shareholders?