Jefferies：解读中国产业政策

Decoding China's Industrial Policy – Prof Fang and team analysed c. 3 million separate policy documents issued from various levels of government (central, provincial, cities, counties, etc). The three main questions they sought to answer were; The availability of LLMs (large language models) and sophisticated engineering allowed an analysis in detail which would not have been possible two years ago. Only 30% of policy documents were issued by central government – Across the 3m documents, c. 26% were explici ...