– Much of the trade protectionism launched in the past two years around the world has been in response to mainland China’s surging exports. In new research, we take a deep dive into the impact of mainland China’s anti-involution policies that seek to curb those exports, and find new energy sectors being the most affected while strategic industries will still be supported but with an emphasis on curbing redundant capacity.

– Mainland China’s critical minerals export curbs are partly designed to maintain the market’s edge in new industries, with evidence emerging that...