Governments around the world are increasingly intervening in the private sector through industrial policies designed to help domestic sectors reach goals that markets alone are unlikely to achieve.

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Since the announcement of Beijing’s “Made in China 2025” plan in 2015, industrial policy has increasingly become a central feature of not only Chinese economic development efforts under the leadership ...

Industrial strategy had, until recently, a rather retro feel. It was associated with the pre-digital days of belching chimneys and manufacturing production lines — and championed by politicians ...