Arrian Ebrahimi

1 week ago | thewirechina.com | Arrian Ebrahimi |Lizzi C. Lee |Ella Apostoaie

President Trump’s State of the Union demand that Congress repeal the CHIPS Act — which allocated over $50 billion to support the U.S. semiconductor industry — has reignited a familiar lament in Washington: if only the U.S. could match Beijing’s long-term commitment to industrial policy. But this view overlooks a crucial reality. China, too, struggles to craft and implement coherent national strategies for its critical industries.