China cannot keep boosting only one part of the economic growth equation, says public policy professor Donald Low. HONG KONG: For a country that still ranks as middle-income, that China leads the world in many of the industries of the future is nothing short of remarkable. In the past decade, it has emerged as a technological superpower , outcompeting far richer countries in many areas of advanced manufacturing - from electric and autonomous vehicles to industrial robots and high-speed rail. In