426 karma · joined May 19, 2019
Soviets had more hardcore ideologues at helm most of the times until SU dissolution. They hardly allowed their ideology to be diluted without challenge, which made plans infeasible without real time feedback. China's Mao era was somewhat similar to that. After Mao, during fight between Gang of Four and Deng Xiaoping, realistic faction came on top with famous Deng saying "it doesn't matter if a cat is black or yellow, as long as it catches mice". Also China does experimentation at province and city level, with people succeeding promoting to national level, containing pitfalls of bad policy.
Dollar status as reserve currency started unravelling quite some time ago. It started with China's started becoming world's factory, more so after they got in to WTO and started using it to their advantage. My belief is that wallstreet believed that they could influence or coerce Chinese leadership into opening up Chinese economy and profit from that, all that G2 talk. China after 2008 crisis with ascension of Xi, belt road, challenges to foreign companies etc. acted completely against wallstreet expectations. Now, America can either try splitting world economy and be sole power in their sphere or start working towards multi polar world.
Similar policy PRC used when building up solar and battery industries. Subsidise a hundred companies, and few will come out as winners. Reportedly with real estate issues and semi trade war economy is facing headwinds and PRC is scaling down subsidies.
Most blacklists are regarding product codes. No separate carve out for pvt companies. Sure after 123 agreement, most restrictions are being negotiated and lifted slowly and India is not being added to new blacklists. But, that is recent phenomenon.
There is difference though, as most major Indian companies hardly invest in R&D and are happy to just keep using licensed IP from west. Indian companies, and general public, have very little risk appetite.
US and EU storage incentives encourage battery storage schemes over pumped hydro though. They either expect cost of battery storage to become less than pumped hydro shortly, or the lack of construction firms lobbying for pumped hydro is making battery the prominent storage option.
https://energy.economictimes.indiatimes.com/news/renewable/t...
https://en.wikipedia.org/wiki/Hypersonic_Flight_Experiment#/...
This winged RLV, vertical landing launchers etc. are research programs that are generally under funded low priority programs. With the launch of India's human spaceflight program, RLV went even further down or priority list. I don't expect anything to come out of this in this decade, until after HSP program launches.
https://www.american.edu/sis/centers/carbon-removal/fact-she...