Mapping U.S.–China Technology Decoupling: Policies, Innovation, and Firm Performance

The authors have benefited from comments and suggestions from two anonymous referees, Editor William Cong, and an associate editor. The authors are grateful to Ufuk Akcigit, Panle Jia Barwick (discussant), Jennifer Carpenter, Lily Fang, Jeremy Greenwood, Bronwyn Hall, Zhiguo He, Ben Jones, Pete Klenow, Josh Lerner, Qing Liu (discussant), Yao Lu (discussant), Song Ma, Yifei Mao, Xiaoran Ni (discussant), Jun Pan, Yuchao Peng (discussant), Jun Qian, Elena Simintzi (discussant), Michael (Zheng) Song (discussant), Shang-Jin Wei, Jin Xie (discussant), Wei Xiong, Ting Xu (discussant), Jianfeng Yu, Bohui Zhang, Xiaoyan Zhang, Xiang Zheng (discussant), and Xiaodong Zhu as well as participants of seminars at Cheung Kong Graduate School of Business, Columbia, The Chinese University of Hong Kong-Shenzhen, Fudan Fanhai International School of Finance, Guanghua School of Management at Peking University, Indiana, Renmin University, and University of Illinois Urbana-Champaign and those of conferences at the Asian Meeting of the Econometric Society, Cavalcade, the China Economics Summer Institute, the China Financial Research Conference, the China International Conference in Finance, the China International Conference in Macroeconomics, the China Trade Research Group Conference, European Finance Association meeting, the National Bureau of Economic Research (NBER) Chinese economy working group meeting, and Northern Finance Association meeting for helpful comments and suggestions.