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Greg Ip: The West Embraces State Subsidies, a Policy Throwback, to Counter China


“Industrial policy,” an approach long criticized as inefficient, is being adopted by the U.S. to fund sectors such as semiconductors. The U.S. and its allies have long pressed China to stop helping favored industries with subsidies, government preferences and other interventions. Now they are now beginning to copy it. Last month, the U.S.

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Posted: July 29, 2021 Thursday 09:41 AM