| Summary/Abstract |
This article shows how China became a global competitor in the railway- and construction equipment industry by using a combination of defensive and offensive mercantilist policy tools. While many scholars in IPE have recognized that economic state intervention is still commonplace, the literature focusing on economic nationalism has failed to grasp its multifaceted feature. By confusing economic nationalism with protectionism, the possibility of outward-looking measures within a mercantile strategy has been neglected. The research that does recognize the ability of states to combine global economic integration and continued market intervention, demonstrates an empirical bias towards strategic emerging industries and state-owned enterprises. This article includes the role of offensive economic policy measures as well as less strategic sectors and private- owned enterprises in China’s mercantile strategies.
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