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China shapes a new U.S. economic era: The return of industrial policy

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The latest episode of POLITICO’s Global Translations podcast explores the new industrial policy emerging in America to counter China’s ascent.

Chinese President Xi Jinping speaks during fifth plenary session of the 19th Communist Party of China Central Committee in Beijing. | Ju Peng/Xinhua via AP
Chinese President Xi Jinping speaks during fifth plenary session of the 19th Communist Party of China Central Committee in Beijing. | Ju Peng/Xinhua via AP

By LUIZA CH. SAVAGE, Politico

11/04/2020 04:30 AM EST

A historic shift in U.S. economic policy is taking shape regardless of who sits in the White House or controls Congress: an increasingly muscular role for state power to build up industries U.S. leaders deem critical to America’s national security and place in the world.

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