Industrial Policy in U.S.-China Competition: Promise and Costs
Join us for a compelling discussion on the evolving challenges and strategies shaping China’s economy and its impact on global industrial policy. During this panel discussion, Skyline Scholars Loren Brandt from the University of Toronto and Xiaonian Xu from the China Europe International Business School, as well as Senior Fellow Mary Lovely from the Peterson Institute for International Economics will explore the slowdown of China’s economy and the structural reforms needed to address its debt and growth challenges. Panelists will examine the shifting role of industrial policy in China, its strategic and economic motivations, and its broader effects on China’s long-term trajectory, as well as how China’s policies influence U.S. policy decisions, including the role of industrial policy in an era of increasing global competition.
The discussion will begin with opening remarks at 3:15 pm on Wednesday, February 26th. We invite you to join us before the event for light refreshments.
About the Speakers
Loren Brandt is the Noranda Chair Professor of Economics at the University of Toronto specializing in the Chinese economy. He is also a research fellow at the IZA (The Institute for the Study of Labor) in Bonn, Germany. He has published widely on the Chinese economy in leading economic journals and been involved in extensive household and enterprise survey work in both China and Vietnam. With Thomas Rawski, he completed Policy, Regulation, and Innovation in China’s Electricity and Telecom Industries (Cambridge University Press, 2019), an interdisciplinary effort analyzing the effect of government policy on the power and telecom sectors in China. He was also co-editor and major contributor to China’s Great Economic Transformation (Cambridge University Press, 2008), which provides an integrated analysis of China’s unexpected economic boom of the past three decades. Brandt was also one of the area editors for Oxford University Press’ five-volume Encyclopedia of Economic History (2003). His current research focuses on issues of entrepreneurship and firm dynamics, industrial policy and innovation and economic growth and structural change.
Mary E. Lovely is the Anthony M. Solomon Senior Fellow at the Peterson Institute. She served as the 2022 Carnegie Chair in US-China Relations with the Kluge Center at the Library of Congress. Lovely is professor emeritus of economics at Syracuse University's Maxwell School of Citizenship and Public Affairs, where she was Melvin A. Eggers Economics Faculty Scholar from 2010 to April 2022. She was coeditor of the China Economic Review during 2011–15.
Her current research projects investigate the effect of China's foreign direct investment policies on trade flows and entry mode, strategic reform of US tariffs on China, and recent movements in global supply chains. Lovely earned her PhD in economics at the University of Michigan, Ann Arbor and a master's degree in city and regional planning from Harvard University.
Dr. Xiaonian Xu is Professor Emeritus at CEIBS, where he held the position of Professor of Economics and Finance from 2004 to 2018. In recognition of his contributions, he was named an Honorary Professor in Economics from September 2018 to August 2023.
Dr. Xu earned his Ph.D. in Economics from the University of California, Davis, in 1991, and an MA in Industrial Economics from the People's University of China in 1981. In 1996, he was awarded the distinguished Sun Yefang Economics Prize, the highest honor in the field in China, for his research on China’s capital markets. His research interests include Macroeconomics, Financial Institutions and Financial Markets, Transitional Economies, China’s Economic Reform, Corporate Strategy and Digital Transformation. His publications include: Freedom and Market Economy, There has Never been A Savior, China: Market Economy or Planned Economy, the Nature of the Business and the Internet, and the Nature of the Business and the Internet, 2nd Edition.
A dedicated educator, he has been recognized with the CEIBS Teaching Excellence Award in 2005 and 2006, as well as the esteemed CEIBS Medal for Teaching Excellence in 2010.
Encina Hall, William J. Perry Room C231
616 Jane Stanford Way
This event will be held in-person only, registration is required.
Xiaonian Xu
Encina Hall, East Wing, Room 014
Office Hours:
Select Mondays | 3:00-5:00 PM
Please schedule a meeting in advance
Dr. Xiaonian Xu is Professor Emeritus at CEIBS, where he held the position of Professor of Economics and Finance from 2004 to 2018. In recognition of his contributions, he was named an Honorary Professor in Economics from September 2018 to August 2023.
Between 1999 and 2004, Dr. Xu served as Managing Director and Head of Research at China International Capital Corporation Limited (CICC). Before joining CICC, he was a Senior Economist at Merrill Lynch Asia Pacific, based in Hong Kong from 1997 to 1998, and worked as a World Bank consultant in Washington DC in 1996. Dr. Xu was appointed Assistant Professor of Amherst College, Massachusetts, where he taught Economics and Financial Markets from 1991 to 1995. Earlier in his career, he was a research fellow at the State Development Research Centre of China from 1981 to 1985.
Dr. Xu earned his Ph.D. in Economics from the University of California, Davis, in 1991, and an MA in Industrial Economics from the People's University of China in 1981. In 1996, he was awarded the distinguished Sun Yefang Economics Prize, the highest honor in the field in China, for his research on China’s capital markets. His research interests include Macroeconomics, Financial Institutions and Financial Markets, Transitional Economies, China’s Economic Reform, Corporate Strategy and Digital Transformation. His publication includes: Freedom and Market Economy, There has Never been A Savior, China: Market Economy or Planned Economy, the Nature of the Business and the Internet, and the Nature of the Business and the Internet, 2nd Edition.
A dedicated educator, he has been recognized with the CEIBS Teaching Excellence Award in 2005 and 2006, as well as the esteemed CEIBS Medal for Teaching Excellence in 2010.