China’s Trade Policy Shift as International Capacity Cooperation Policy Rebranded

China’s two-arm approach of strategically opening and closing will likely continue China’s major international trade and investment policy ‘ International Capacity Cooperation ’ (ICC) is getting a rebrand. ICC emerged as the dominant trade policy coordinating China’s outbound FDI in 2015. This came as the Xi administration struggled with a slowing economy and a transition to domestic consumption and a move away from manufactured exports towards capital FDI internationally. Supply-side ...