China may seem from the outside to have a joined-up industrial strategy, but internal interests aren't always aligned.
An employee works on the production line of Zhejiang Huilong Chip Technology Co., Ltd. October 25, 2024, in Jinhua, Zhejiang. Credit: Pan Qiuya/VCG via AP Images
President Trump’s State of the Union demand that Congress repeal the CHIPS Act — which allocated over $50 billion to support the U.S. semiconductor industry — has reignited a familiar lament in Washington: if only the U.S. could match Beijing’s long-term commitment to industrial policy. But this view overlooks a crucial reality. China, too, struggles to craft and implement coherent national strategies for its critical industries.
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The former Biden official and China scholar makes the case for the previous administration's approach and discusses why Beijing is content to watch the U.S. now dismantle its sources of strength
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