Its conclusion is clear: China’s model represents a strategic threat to G7 industrial competitiveness.
The contrast between our article, “The political economy of modern capitalism” and the Rhodium Group/US Chamber of Commerce report, “China’s Next-Generation Industrial Policy” is not really about facts. It is about interpretation.
The Rhodium report is fundamentally a warning document. It argues that China’s industrial policy is becoming broader, deeper and more systematic — an “industrial policy of everything” stretching from upstream raw materials and manufacturing inputs to advanced technologies, services and global expansion.
