An escalating debate on industrial policy between two of China’s most prominent economists is causing a rethink of the country’s industrial development model and government intervention in market forces. Justin Lin, a Taiwan-born Economist who served for many years as an economic adviser to the Chinese leadership and worked as the World Bank Chief Economist, believes China should continue with government direction on which industries should be encouraged and subsidized, to better leverage the country’s competitive advantages. Opposing that view is Zhang Weiying, a liberal Economist who teaches at Peking University, who countered that industrial policies led to nothing but distortion and overcapacity so China should let the market decide which industries would thrive.