China, U.S. trying to 'replicate' each other's industrial policies
CNBC · Just In
CNBC
Just In
Kyle Chan, researcher at Princeton University, says that China is also both the example for and driver of some of the US government's actions such as taking stakes in private companies. He says China sees state-owned enterprises as just another tool in the policy toolkit, while the US sees SOEs as unfair state support that tilt the playing field.
Breakdown
- State support for industries is more common in China, but the U.S. is considering similar measures.
- The U.S. government has played a significant role in supporting companies like Boeing. 16s
- Both China and the U.S. are borrowing and adapting each other's industrial policy tools. 1m 35s
- The U.S. is now considering direct equity stakes in companies such as Intel and rare earth producers. 2m 5s
- There is ongoing debate in the U.S. about whether adopting these policies is the right approach. 3m 6s