Industrial Policies Under Xi Jinping: A Steering Theory Perspective (original) (raw)

Issues & Studies

Abstract

Xi Jinping’s ascension to power and subsequent developments in Chinese governance have stoked the flames on the debate on industrial policies, both in China and across the globe. At least partly, the debate results from the perception that industrial policies have been important for China’s economic rise, growing competitiveness and drive to innovate. Outside China, this perception has already prompted some governments to suggest that their countries should react to China’s rise by also promulgating industrial policies. But inspite of the growing interest in the topic, there is hardly a consensus on the character of China’s industrial policies nor their efficiency and effectiveness, neither inside nor outside of China. This paper will shed light on these issues by looking at Chinese industrial policies from the perspective of political steering theory. It will first review the political steering theory, identify key concepts (steering modes, steering objects and subjects, etc.) and ...

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