China's Capital Biased Technological Progress Hinders Industrial Economic Growth.
The article discusses how the type of technology used in industries affects economic growth in China. By analyzing data from 1979 to 2011, the researchers found that most industries in China use technology that favors capital over labor. This means that technological progress in these industries tends to benefit machines more than workers. While this type of technology helps industries grow, too much investment in machines can actually slow down economic growth.