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As part of a three-years research project on China, Bruegel would like to invite you to our closed-door roundtable on “China’s evolving industrial policy: Lessons for Europe” on 22nd February 2024. China has advanced significantly in upgrading its industrial prowess. The complexity of its domestic supply chains, years of learning by doing, combined with targeted support for strategic industries has led to Chinese brands being able to successfully compete in foreign markets, most recently in Europe. This has sparked a debate about whether the competitiveness of Chinese firms is best explained by unfair government support practices as opposed to domestic market forces. Since “Made in China 2025” was launched in 2015, the central government has created a range of new funding schemes for the most important sectors, specifically in equity financing. Apart from that, government-led programs such as the Little Giants initiative have been launched to support the cultivation of the most promising small and medium-sized firms, vital for the basis of China’s manufacturing sector. 
To shed light on this matter, we provide new insights into the history of industrial policy in China, and its latest evolution. Finally, we invite you to discuss with us how this affects Europe, and whether – or how – the EU should respond. Our work was conducted under the umbrella of a three-year research project on China, financed by the EU Commission, under the name “Dealing with a Resurgent China”.