Contra, from Noah Smith, 3 days ago: >China's industrial policy has mostly been a flop > China’s attempts to promote specific industries are relatively recent

Contra, from Noah Smith, 3 days ago: >China's industrial policy has mostly been a flop > China’s attempts to promote specific industries are relatively recent — in the 80s, 90s, and early 00s, China did very little of this. Barry Naughton, probably the premier Western scholar of Chinese industrial policy, explains this in his short book The Rise of China's Industrial Policy, 1978 to 2020, which you can read online for free here. He discusses how from 1978 through 2005, China essentially just focused on liberalizing their economy — if the government targeted specific industries, this was done at the local and provincial level, as in the U.S. https://noahpinion.substack.com/p/chinas-industrial-policy-has-mostly https://noahpinion.substack.com/p/chinas-industrial-policy-h...