Author(s)

Zhang Rongjie ¹, Li Jiatong ¹, Sheng Zhiyuan ¹

Affiliation(s)

¹ University of Jinan, Jinan, Shandong, 250002, China

Corresponding Author

Zhang Rongjie

ABSTRACT

This paper explores how China employs a dual strategy of financial tools and industrial policies to respond to the global supply chain crisis. The vulnerability of global supply chains, particularly exacerbated by the COVID-19 pandemic and geopolitical risks, has exposed China's dependency on raw materials, technology, and high-end manufacturing. In response, China has used monetary policies, industrial funds, and foreign exchange management to support the recovery of its manufacturing sector and drive technological innovation. Simultaneously, the government has promoted supply chain autonomy, implemented the "dual circulation" strategy, and pushed for green transitions to enhance the resilience and competitiveness of industrial chains. The paper also analyzes the synergy between financial tools and industrial policies, especially in the semiconductor industry. The conclusion emphasizes that, due to the uncertainty of global supply chains, China must rely on self-innovation and optimized financial resource allocation to enhance its supply chain independence and secure a central position in the future global supply chain network.

KEYWORDS

Supply chain crisis, financial tools, industrial policies, autonomy, dual circulation, green transition

CITE THIS PAPER

Zhang Rongjie, Li Jiatong, Sheng Zhiyuan, Financial Instruments and Industrial Policies: China's Dual Strategies to Deal with the Supply Chain Crisis. Information Systems and Economics (2024) Vol. 5: 67-73. DOI: http://dx.doi.org/10.23977/infse.2024.050510.

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