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Eswar Prasad: Industries in China striving for technological upgrading

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On June 27, at the "China Economic Outlook" sub-forum of Summer Davos, hosted by CGTN together with the World Economic Forum, Eswar Prasad, professor of economics at Cornell University, discussed the evolving economic dynamics between China and the U.S. He said that Chinese industries strive to upgrade their technological capabilities, and they continue to play a crucial role in the global supply chain and value chain.

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