2min chapter

The New Liberal Podcast cover image

Competition with China and Friend-shoring in East Asia ft. Noah Smith

The New Liberal Podcast

CHAPTER

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.

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