China's counterintuitive bet

Dec 30, 2017, 05:26 AM

Can China become a global leader in innovation by protecting state-run companies from competition at home, while acquiring innovative companies abroad? Can that innovation be sustained in a society where free speech and intellectual inquiry is sharply curtailed? China's leaders are betting on it, and in this episode, journalist-turned-business analyst Jim MacGregor, chairman of APCO Greater China, mulls over the odds.