Complex Event Analysis - Report
Key Focus
But as everyone recognizes by now, China's manufacturing prowess is not the result of unfettered market forces.
As part of its Made in China 2025 policy, the Chinese government targeted ambitious increases in domestic producers'share of global medical suppliesBut many Western economists presume that governments are not very good at identifying industries that merit support, and that domestic consumers and taxpayers incur the bulk of the costs. In other words, if Chinese industrial policy has been misguided and misdirected, it is China's own economy that has suffered as a result.
By the same logic, if Chinese policymakers effectively targeted activities where social benefits exceed private benefits, producing improved economic performance, then it is not clear why foreigners should complainThe growth policies that today arouse other countries'ire are the reason China has become such a large market for Western exporters and investors.
But aren't Chinese industrial policies, such as those deployed in medical supplies, unfair to competitors elsewhere.
We should exercise caution before reaching such a verdictNo momentum supporting factor found
Challenge supporting factors
(china, chinese) (china, policy) (china, medical) (chinese, medical) (chinese, industries) (chinese, presume) (industries, policy) (chinese, policy) (chinese, governments) (chinese, economists)Work-in-progress supporting factors
(china, policy) (china, medical) (chinese, economic) (china, industries) (china, global) (china, countries) (countries, policy) (china, the_us) (policy, the_us) (china, performance)