Abstract
This paper focuses on recent industrial policy changes in the Chinese rare earth industry, and attempts to show how the Chinese central government is shifting strategies for this important resource industry. Since the late 2000s, the Chinese central government has pursued consolidation of the highly fragmented rare earth industry into one dominated by large state-owned enterprise (SOE) groups under the control of the central government. This is far from liberalization and marketization as most media coverage and scholars have suggested. The Chinese central government is pursuing the centralization of the industry through nation-wide consolidation, which can make its intervention more effective and enhance the predominance of large SOEs under the name of efficiency.
Published Version
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