First published: Council on Geostrategy, 21 October 2025
Industrial policy has a long and often contentious pedigree.
China’s industrial policy is destroying its economy
China’s industrial policy is the most important macro phenomenon shaping the China’s own and global economy nowadays and the source of worrying distortions
China’s industrial policy is creating instability at home and abroad
Overcapacity – from electric vehicles to high-speed rail to housing – is destroying profits as well as GDP