Professor Lin Ping’s Collaborative Paper Officially Published in International Authoritative Industrial Economics Journal International Journal of Industrial Organization
Recently, the collaborative research paper Industrial Policy in China: Its Development and Ongoing Transformation by Professor Lin Ping from the School of Economics at Shandong University, Professor Fu Xiao from Zhejiang University of Finance & Economics and Professor Ye Gaofen from Shandong University was officially published in International Journal of Industrial Organization, an international authoritative industrial economics journal.
This paper systematically combs and summarizes the evolution path of China's industrial policy since the reform and opening up, focusing on the role of industrial policy in different development stages and the practical challenges it faces. The paper points out that since the 1980s, China's industrial policy has undergone an important transformation from selective intervention under the planned economic framework to gradual integration with the market mechanism, and in recent years, more attention has been paid to competition policy and functional industrial policy. This process has played a key role in promoting technological catch-up, industrial upgrading and economic growth, but it is also accompanied by problems such as overcapacity, insufficient innovation incentives, and local governments ignoring comparative advantages.
The paper further emphasizes that with China's economy entering a stage of high-quality development, industrial policy is gradually shifting from "selectively supporting specific industries or enterprises" to "functional industrial policy" focusing on improving the institutional environment, strengthening fair competition, improving the factor market and innovation system. Against the background of complex international economic and trade environment and intensified technological competition, how to coordinate industrial policy and competition policy, and give better play to the decisive role of the market in resource allocation while ensuring industrial security, is a key issue for future policy design.
On this basis, combined with the experience of important industries such as high-speed rail, photovoltaic, new energy vehicles, semiconductors, digital economy and artificial intelligence, the paper deeply discusses the successful experience and limitations of China's industrial policy, and puts forward an enlightening analytical framework and research agenda for the future policy direction. The paper believes that further deepening market-oriented reform, strengthening the fair competition review system, and promoting the construction of a unified national market will be important directions for the continuous transformation of China's industrial policy.
Lin Ping is a Chair Professor at Shandong University, Dean of the School of Economics, Director of the Competition Policy Research Center at Shandong University, and Chief Person in Charge of the Major Program of the National Natural Science Foundation of China. He is a director of the China Society of Economic System Reform, and a consultant of the Competition Policy Professional Committee of the China Industrial Economics Society. He is committed to innovative research in industrial economics, anti-monopoly and competition policy, and innovation economics. He has published more than 50 Chinese and English academic papers in first-class economics and management journals at home and abroad such as Journal of Economic Theory, International Economic Review, Journal of Financial Economics, Journal of International Economics, Journal of Development Economics, Management World, and Economic Research Journal (Quarterly). Nearly 20 English academic articles have been included in monographs published by many international English publishing houses (including Oxford University Press).
