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Illustration: Eniola Odetunde/Axios

China's economic planning and targeted subsidies have increased the competitiveness of Chinese firms in the global economy to the direct detriment of U.S. industry, an academic study has found.

Why it matters: When it comes to American industries and workers, the rise of Chinese industrial policy hasn’t been a win-win — researchers found for every 100 factories opened in China, 12.5 U.S. factories in the same industry closed.

Details: Researchers at Columbia University and Boston College found that "high birth rates" of Chinese firms — meaning the opening of new factories and companies — negatively affected U.S. employment, in their April 2020 SSRN study.

What they're saying: "The key findings support the concern that U.S. firms are displaced by China’s manufacturing prowess, not just in 'sunset' industries from which the U.S. was happy to retreat, but also in industries that both countries are eager to lead, in a race that has been significantly shaped by the Chinese government."

The big picture: China's state-guided capitalism is increasingly showing itself to be a major challenge to a liberal global trade order premised on trading partners following a set of shared principles.

Go deeper: Beijing draws Chinese companies even closer

Go deeper

Scoop: Trump administration declassifies unconfirmed intel on Chinese bounties

Trump speaks during a press conference on China in the Rose Garden of the White House on May 29. Photo: Mandel Ngan/AFP via Getty Images

The Trump administration is declassifying as-yet uncorroborated intelligence, recently briefed to President Trump, that indicates China offered to pay non-state actors in Afghanistan to attack American soldiers, two senior administration officials tell Axios.

The big picture: The disclosure of this unconfirmed intelligence comes 21 days before the end of Trump's presidency, after he has vowed to ratchet up pressure on China, and months after news reports indicated that the Russians had secretly offered bounties for Taliban militants to kill U.S. troops in Afghanistan.

Biden pledges to cut greenhouse gas emissions by up to 52% by 2030

U.S. President Joe Biden seen in the Oval Office on April 15. (Photo by Doug Mills-Pool/Getty Images)

The Biden administration is moving to address global warming by setting a new, economy-wide greenhouse gas emissions reduction target of 50% to 52% below 2005 levels by 2030.

Why it matters: The new, non-binding target, is about twice as ambitious as the previous U.S. target of a 26 to 28% cut by 2025, which was set during the Obama administration. White House officials described the goal as ambitious but achievable during a call with reporters Tuesday night.

Exclusive: Chauvin trial prosecution worked with strategic comms firm

People gather at the intersection of 38th Street and Chicago Avenue to celebrate the guilty verdict in the Derek Chauvin trial on April 20, 2021 in Minneapolis, Minnesota. Photo: Brandon Bell/Getty Images

For most of the past year, a strategic communications firm with deep Washington ties has played an integral role for the prosecution in the State of Minnesota v. Eric Chauvin — operating without pay and so under-the-radar that most of its own staff had no idea.

The big picture: Finsbury Glover Hering — formerly known as the Glover Park Group — has been conducting media monitoring and analysis as part of legal team special prosecutor Neal Katyal's vision for a three-pronged "modern appeal/trial strategy."

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