NATO announced billions in new defense deals, promoting transatlantic industrial cooperation. However, the EU is prioritizing its domestic arms industry, creating a potential conflict over how defense funds are spent and who benefits from rearmament efforts.
India's smartphone PLI scheme transformed the nation into a manufacturing hub by attracting global value chains, boosting exports, and creating jobs. The policy's success hinges on clear objectives, timely execution, and administrative support, offering vital lessons for future industrial strategies.
Armenian Prime Minister Nikol Pashinyan, during a visit to Russia, stated Armenia's ambition to secure a prominent position in the global IT and high-tech industry through digitalization, AI, and data analysis, highlighting recent industrial growth and cooperation within the EAEU.
Russia's closure of several border crossings with Finland, Estonia, and Latvia from July 1 is expected to have minimal economic impact, according to Leonid Liminchuk, Chairman of the Committee on Economic and Industrial Policy of the Republic of Karelia. While transit passengers may face some inconvenience and slightly higher logistics costs, overall economic processes are unlikely to be significantly affected as they already do not account for these neighboring states.
The EU's executive branch will engage with China to address trade imbalances and develop new trade defense tools to counter Chinese industrial overcapacity and reduce overdependence on the Chinese economy.
St. Petersburg Technology Park to develop new areas in radio electronics and unmanned aerial systems by 2027, with a 2.5x space increase, according to Alexander Sitov, Chairman of the St. Petersburg Committee on Industrial Policy.
St. Petersburg's car plants aim to return to pre-COVID production volumes by 2028, expecting to produce over several hundred thousand cars annually, following upgrades that increased their capabilities.
The author argues that Donald Trump's presidency caused Europe to abandon a previously initiated industrial policy, which failed due to a lack of strategy rather than missed opportunities. The piece calls for a return to this policy.
Kazakhstan is offering exclusive benefits, including tax and customs preferences and investment agreements, to major Russian investors in critical minerals and rare-earth metals projects. Minister Yersaiyn Nagaspayev highlighted this at the St. Petersburg International Economic Forum, emphasizing cooperation and a complete cycle from exploration to finished products.
China has rejected an OECD report claiming its firms receive significantly higher government subsidies than international peers, calling the findings "one-sided and arbitrary." The Ministry of Commerce stated the report lacks a unified standard and overlooks China's competitive advantages.
The EU has officially launched its "European Technological Sovereignty Package" to reduce dependence on US tech giants. While seen as a necessary step, critics question Europe's current capacity to meet these ambitious goals, urging more market incentives over regulation.
EU officials propose expanding the use of the Foreign Subsidies Regulation (FSR) sector-wide and streamlining safeguard measures to counter competitive pressures from subsidized Chinese firms, fearing Europe's industrial base could be severely impacted.
Hong Kong is transforming Hung Shui Kiu into a "northwest stronghold" with an industry-first strategy, prioritizing clusters in innovation, logistics, and professional services to anchor population growth and create a sustainable urban environment.
China's expansion of industrial policy across its economy is reinforcing its manufacturing dominance and increasing global reliance on its supply chains, potentially impacting advanced economies' competitiveness.
EU Trade Commissioner Maroš Šefčovič has warned the bloc will defend its industries after China threatened countermeasures over new EU measures including the Made in Europe proposal and Cybersecurity Act. The EU's trade deficit with China surged to €359.3 billion in 2025, described as 'simply unsustainable'. Šefčovič emphasized the EU will not be pressured and will use trade defence instruments to counter dumped and subsidised Chinese goods.
The West’s narrative of Chinese “overcapacity” is a double standard, said a former chief economist of the World Bank as he urged advanced economies to draw on “Eastern wisdom” rather than protectionism to navigate the rise of hi-tech competition. Justin Lin Yifu, a prominent advocate of Beijing’s industrial policy, dismissed claims that China’s auto-export surge was a sign of industrial imbalance. Speaking at Hong Kong Chu Hai College, Lin drew a contrast with Germany to expose a logical...
