Program and guest
A CSIS Pekingology conversation featuring Gerard DiPippo, director of global macro at Eurasia Group, hosted by CSIS senior fellow Henrietta Levin. Original English title: China's Techno-Industrial Strategy. The subtitles cover the full program (43:54); this article covers the entire program.
Key points
(The following paraphrases the guest’s original meaning; timestamp links lead to the corresponding points in the original video.)
- China’s economy is slowing significantly. At the same time, outsiders often assume Beijing can commit unlimited resources to its technological ambitions; that impression needs correcting—ambitious goals do not mean unlimited resources. 4:36
- Because the goals are so ambitious, it is easy to imagine that resources are unlimited. But China does not publish its industrial policy spending, so outsiders can only infer it by estimating direct subsidies, tax incentives and the like; that is what the report does. 5:20
- Over roughly the past five years, China has made an explicit focus of self-reliance and has worried about coercion from abroad, especially from the United States. This historical cycle intersects with specific industries—the same logic can be seen in steel and other industries alike. 14:56
Background and notes
The subtitles cover the full program (43:54); this article covers the entire program. The views and timestamps are paraphrased from the original subtitles, and each timestamp marks the beginning of the corresponding segment of the original remarks. The guest’s name and organization follow the program description: Gerard DiPippo and Eurasia Group.