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International trade will continue to be important for economic performance..
The findings show that the temporary cost share exemption boosts short-term income growth, increases local investment in infrastructure, and promotes entrepreneurial activities, particularly among returning migrants.
Johns Hopkins University. (The views expressed are those of the authors and should not be attributed to Johns Hopkins University.)
As governments expand industrial subsidies in the name of economic security, debate intensifies over whether such policies distort trade or enhance competitiveness. This column presents new evidence from China showing that subsidies do more than support individual firms – they ripple through domestic supply chains, boosting downstream exports and product quality. Industrial policy, it turns out, travels along value chains.