evaluate its welfare consequences. This paper examines an important industrial policy in China in the 2000s, aiming to propel … model of firm entry, exit, investment, and production, we find that the scale of the policy was massive and boosted China …

- can significantly affect the efficacy of industrial policy. We investigate this idea in the context of China's largest pro …

subsidies provided to China's publicly traded firms. We categorize subsidies into different types. We then estimate total … suggest that China's increasingly prescriptive industrial policies may have generated limited effects in promoting …

Rising concern over the impact of Chinese industrial policy has led to severe trade tensions between China and some of … its major trading partners. In recent years, foreign criticism has increasingly focused on the so-called "Made in China …-in-differences approach to examine how the "Made in China 2025" policy initiative has impacted firms' receipt of subsidies, R&D expenditure …

We characterize sabotage, exemplified by recent U.S. policies concerning China's semiconductor industry, as trade …