Has China crisis shattered Xi’s ‘Silicon Valley’ dream?

China’s Yangtze River Delta project, aimed at creating a high-tech economic powerhouse, is facing challenges due to the country’s economic slowdown. Lingang, a key part of the project, is struggling to attract foreign investment and talent, and if Tesla is found to have benefited from Chinese subsidies, it could deal a blow to the company and the ambitions of Lingang. Moreover, local governments are still competing with each other rather than collaborating.