In the end all terms relate to each other, which shows nicely in the diagram below.
FT Edit: Access on iOS and web
，详情可参考美洽客户端下载与安装
但他同時提醒，這一輪押注與以往不同：不是單純依靠更多資本就能擴大規模。前沿技術更依賴基礎研究與創新突破。即便中國已展現出一定創新能力，政策加碼與新創成果之間也不是線性關係。
Here's my actual take on all of this, the thing I think people are dancing around but not saying directly.