Does China's Industrial Policy Work?

The United States is deeply concerned about China’s economic rise for both economic and national security reasons. An implicit assumption of this concern is the view that China’s state–led innovation system is a successful alternative to the more market-driven system in the United States and the West. To what extent is this assumption correct? Leading China economists Loren Brandt (University of Toronto) and Thomas Rawski (University of Pittsburgh) present the findings from their latest book, Policy, Regulation, and Innovation in China’s Electricity and Telecom Industries. They and several contributors address this big question by analyzing Chinese industrial policy and the actual performance of Chinese companies in two sectors central to China’s innovation drive.
 
Please join the Freeman Chair in China Studies on September 26 as Brandt and Rawski present their findings, which identify both the strengths and weaknesses of Chinese efforts, and discuss the implications for China’s economic trajectory and possible American policy responses. Following their presentation, Jane Nakano, Senior Fellow in CSIS Energy and National Security Program, will provide initial commentary. Scott Kennedy, Senior Adviser and Trustee Chair in Chinese Business and Economics, will moderate Q&A with the audience.
 
Copies of Brandt and Rawski's book will be available for sale at the event.

This event is made possible through general support to CSIS.