What Keyu Jin thinks about government
Economist specialising in China's economy, international macroeconomics and global trade, and author of The New China Playbook.
Keyu Jin did not write this page.
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2 dated positions, 2025, in their own words. Our reading of what Keyu Jin has said — not written or endorsed by them.
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Their wordsIndustrial policy was heavily criticized and again, if I talk to my Harvard professors, they’ll be very, very, very skeptical about the role of the state, especially in such a major way. But if you look at the Chinese experience, the evidence for success is all there. The cities that have pushed the most on supporting that particular sector ultimately did the best in terms of production, but also in terms of innovation, measured by patents. It’s all in the data.
↗Keyu Jin: China's Economy, Tariffs, Trade, Trump, Communism & Capitalism | Lex Fridman Podcast #477youtube.com 4th of 16 in this recording
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Their wordsAnother big misunderstanding, and a fundamental one, is that people somehow think that the state suppresses the private sector. It’s not at all as simple as that. For the most part, if we look at the local government’s incentive system, they want to help the best, private companies, which are the most promising, because it makes them look good.
↗Keyu Jin: China's Economy, Tariffs, Trade, Trump, Communism & Capitalism | Lex Fridman Podcast #477youtube.com 6th of 16 in this recording