China's Industrial Policy, Strategic Emerging Industries and Space Law

Abstract

China’s transition economy experiment continues to rely heavily on state-driven industrial policy to structure the economy. In 2016, five-year plans on strategic emerging industries were formed by State Council ministries and transmitted to lower levels of government bureaucracy. Building on existing industrial geographic complementarities and technology clusters, developments were expected to dovetail with broader 13th Five-year Plan and Made in China 2025 industrial policy trajectories. This article explores the policy program of industrial upgrading and innovation in national strategic emerging industries, regional innovation and industrial cluster plans, space and ocean industrial strategies and places China’s policy trajectories for industrial development, technology innovation and upgrading in context of institutional economic analysis.

Keywords: Industrial Policy, Institutional Economics, Industrial Clusters, China Politics, Space Policy, Ocean Policy