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The Mountain is High, the Lead Investor is Far Away
The allocation of capital for China's industrial policy—be it direct grants, credit, or PE-VC investment—does not necessarily follow the objectives announced in Beijing policies.
Laura Gormley
Research Analyst
Laura is a Research Analyst with Rhodium Group’s China Projects Team, focusing on China’s innovation ecosystem and external economic engagement.
ChinaPrior to joining Rhodium, she was a research assistant with the Global Development Policy Center – Global China Initiative at Boston University, where she contributed to the Center’s work on China’s development finance and decarbonizing the Belt and Road Initiative. Laura holds a Master’s degree in Global Policy from Boston University’s Pardee School of Global Studies and a Bachelor’s degree from McGill University.
Content by Laura Gormley
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China Pathfinder: Q1 2024 Update
External relations can only be positive if China demonstrates convergence with market norms. Based on the China Pathfinder framework, the opposite is in evidence, and market economies will discuss how to react at the coming G7 leader’s summit.
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Thin Ice: US Pathways to Regulating China-Sourced Legacy Chips
We take a fresh look at the data on the expanding capacity of China’s legacy chip production after two big waves of US-led chip controls and review how the US aims to target these foundational chips.
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Spread Thin: China’s Science and Technology Spending in an Economic Slowdown
China's economic slowdown will likely force Beijing to channel S&T funding toward a narrower core of national security-relevant companies and priorities.