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Provided by Dow Jones What the U.S. Can Learn From China s Industrial Policy Mistakes-and Successes For years industrial policy -encouraging the growth of specific industries with government help-was a dirty word in the U.S. Now it is one of the few things many Democrats and Republicans agree on. Separate bills moving through the U.S. Congress with bipartisan support would lift federal spending on research and development, science education, and on grants for semiconductor plants by as much as $250 billion. The reason for this sudden outbreak of bipartisanship is no secret: rising concerns over Chinese competition. A separate roughly $1 trillion bipartisan infrastructure bill is being sold along similar lines.

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