Part Two

Industrial Policy Challenges

In Part Two, various evaluations of industrial policy and developments in China are presented. Many of these policies have become controversial in the international debate, but detailed analyses of their actual focus and impacts are often missing. Therefore, the chapters examine issues such as: the extent to which actual investments in industrial sectors are directed by central government policies in China; the support for developing intangible assets as a key priority in the Made in China 2025 policies; the role of local governments in policies to promote the digital economy and cloud computing, and the ways in which Chinese producers have exploited the opportunities for innovation based on global value chains to capture significant proportions of the Chinese mobile phone market.