China as a System @leonliao
Leon LiaoA new framework on how China’s rise is reshaping global competition across industry, technology, energy, capital flows, and geopolitics. Grounded in local insight and shaped by a global perspective. Publishing 5-10 in-depth structural essays weekly
| Platform |  | Pricing | Freemium | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 231 | Founded | 7 months ago | Last Issue | 6 days ago |
| Active | |||||
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leonliao.substack.comLatest Issues
What Makes China’s K-Shaped Economy Different from America’s?
China’s K-shaped divergence is taking place between an old growth engine and a new one; America’s K-shaped divergence is taking place between asset owners and households that depend on wages, savings and credit. Both countries can still m...
Kimi K3: How China’s Wolf-Pack Tactic Is Breaching America’s AI Moat
Chinese AI companies are attacking America’s closed-model advantage one high-value workflow at a time — from video and agents to long-context and open-weight infrastructure. Kimi K3 is the latest
This is the first time a Chinese model has...
China Is a System, Not a Lighthouse
The label “Sino-Beaconista” captures a genuine tendency to romanticise China, but it also gives Western intellectuals a convenient way to evade reality. China remains a developing country confronting income inequality, demographic pressur...
Inside WAIC 2026: The Industrialization of Chinese AI
Robots represented nearly a quarter of exhibitors, agents moved ahead of foundation models, and domestic compute suppliers shifted the contest toward supernodes and the cost of producing tokens.
WAIC 2026 showed a Chinese AI industry rapid...
The Cuban Missile Crisis Without Missiles
The United States lived with revolutionary Cuba for more than six decades because invasion was either too dangerous or strategically unnecessary. It may act now because Cuba has never looked weaker, Venezuela made regime change look cheap...
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China as a System offers a new framework for understanding China, industrial power, state capacity, tech diffusion, capital flows, and global order. Former managing director at a global investment bank and a leading Chinese economic institute
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