Once deemed a costly failure, industrial policy is making a return – led by China
Another report furthering the debate is the Centre for European Reform report, China Shock 2.0: The Cost of Germany’s Complacency, released in May.
It highlighted that China’s overall export volumes are growing at more than twice the speed of global trade, and called for a strengthened European Union toolbox to defend key sectors, including chemicals, batteries, clean tech and semiconductors.