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China's Industrial Policy Has Changed a Lot Since Xi Jinping
Xi Jinping is trying to turn China into a nationalized industrial policy. He has that same skill as Khrushchev did in the Soviet Union, says Julian Zelizer. But he seems more like five year plan kind of Soviet vibes than Trump's steel-obsessed vibe. It could just be reverse causation here, but it was probably a bad idea with subsidies for failing companies.