Lizzi C. Lee

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.

1 month ago | thewirechina.com | Lizzi C. Lee |Ella Apostoaie

Every March, China’s Two Sessions set the country’s political and economic agenda for the year ahead. This tightly scripted gathering of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC) is where Beijing unveils its official GDP growth target, outlines fiscal and monetary priorities, and signals the leadership’s broader policy direction. While always significant, this year’s meetings take on even greater weight than usual.