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What the U.S. Can Learn From China’s Industrial Policy Mistakes—and Successes

Heard on the Street: China’s attempts to support specific industries have been a mixed bag. When successful, it often isn’t for the reasons many observers think.

7/25/2021 9:00:00 AM

Heard on the Street: China’s attempts to support specific industries have been a mixed bag. When successful, it often isn’t for the reasons many observers think.

China’s attempts to support specific industries have been a mixed bag—and when they succeed it often isn’t for the reasons many observers, both critics and supporters, tend to think.

: overcapacity and low-quality firms feeding off state subsidies, rather than real technology champions.U.S. infrastructure itself is in a dreadful state. Simply fixing all of America’s roads and bridges—to say nothing of new investment in broadband or more resilient power supply—would cost around 3.5% of gross domestic product, according to an October 2020 note from the International Monetary Fund.

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Higher public spending on R&D and science education—for instance, through support for community colleges—is even more important. In part that is because the private sector has, since the end of the Cold War, financed the lion’s share of R&D spending in the U.S.

Read more: The Wall Street Journal »

Met Gala Photos 2021: Red Carpet Arrivals

The Met Gala makes its dazzling return, offering a landscape of lavish red carpet looks we’ve come to expect on one of fashion’s biggest nights. Co-chairs of the evening are Timothée Ch…

Socialism for USA, nice! Whatever enriches shareholders and management is a plus, or so the thinking goes . . . so I assume something went wrong with respect to the CCP on that pathway . . .

Can foreign venture capitalists make good money from Indian tech?To outsiders, India seems like a younger, more freewheeling China. Look closer, though, and its advantages lie elsewhere

U.S. Drops Visa Fraud Cases Against Five Chinese ResearchersThe Justice Department’s move marks significant setback in its effort to stop alleged Chinese intelligence-gathering at U.S. universities. The Biden Administration and the Democratic Party and now officially owned subsidiaries of the Chinese Communist Party. Unbelievable. It is the Biden administration.

U.S. lawmakers urge IOC to delay or move China's 2022 Winter OlympicsA bipartisan group of U.S. lawmakers on Friday called on the International Olympic Committee to postpone the 2022 Beijing Winter Olympics and relocate the event unless China ends what the United States deems an ongoing genocide against Uyghurs and other Muslim minority groups. Stop making sports part of politics Why spend money on this? I personally disagree with it, especially in the current critical pandemic time. Once White House bring virus to China again as they did in Wuhan world military games, it will be disaster. USA is shamelessly doing anything to stop China overpass it.

11 Must-Have Classic Cocktail Recipe Books For Your Home BarThe past year has turned us all into at-home imbibing experts, but these books prove we still have much to learn. good luck

China sanctions Wilbur Ross, others in response to U.S. warnings on Hong KongChina imposed sanctions on former Commerce Secretary Wilbur Ross and 6 others, in response to recent U.S. actions over Chinese threats to Hong Kong's autonomy We all should stand up for finding out the truth as to how the January 6th insurrection on our Capital happened and make all accountable! In my opinion Trump had some of the Republican Senators in on setting up the attack! Fingers crossed a 'repatriation squad' will be involved. Also ninjas.

24 Hours With Conan Gray as He Moves to New YorkFollowing the success of his debut album, the musician is looking to shake up his life.