Australian economist Steve Keen said on a podcast that one of the key differences between the Chinese and US economic models is China's greater focus on the public sector. He cited high-speed rail and healthcare as examples, noting that China's strong public sector and well-developed infrastructure provide a solid foundation for private-sector growth and innovation. In his view, this combination of public and private sectors is a key reason why China's public-sector innovation has outpaced that of the United States. #GoodPoint