A look at China’s industrial policy: how much it spends, how it stands out, and what lessons the U.S. should learn.
How much does Beijing spend on its industrial policy goals? A new estimate suggests the figure could be much larger than first realized.
In May, a team of researchers at the Center for Strategic and International Studies (CSIS), a Washington, D.C., think tank, calculated that China spent around 1.7 percent of GDP — about $250 billion — in 2019 on supporting various industries, an amount that dwarved that of any other major economy.
Now, a revised estimate shared with The Wir
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