State enterprise reforms are underway in China, and include some positive and overdue corporate governance reform. However, the potential effectiveness of the reforms is compromised by the attempt of policy‐makers to achieve three goals which form an “impossible trinity”: increase firm...

The paper examines the role of global technology sourcing, and its drivers and impacts in China’s integrated circuit (IC) design industry . IC design is one of the priority targets of China’s innovation policy, as codified especially in the “Strategic Emerging Industries” initiative. At...