For the United States to match China's commitment to its strategic economic industries on a per-GDP basis, it would have to pass an American Recovery and Reinvestment Act every year for the next five years.

For the United States to match China's commitment to its strategic economic industries on a per-GDP basis, it would have to pass an American Recovery and Reinvestment Act ($787 billion) every year for the next five years and dedicate close to 100 percent of the funds to industry. Even if the U.S. could do such an investment, a top-down management of the economy is not the kind of model the United States should emulate. Public investment should supplement private sector efforts not supplant them. The kind of innovation mercantilism the Chinese practice harms all countries in the global trading system. Just the same, the scope and scale of Chinese governmental intervention on behalf of Chinese firms illustrates China's shift to a winner-take-all indigenous innovation policy in the last five years. The time for complacency has passed and the United States and its trading partners must roll back China questionable policies while we still can.