'Made in China 2025' Feels Trade War Pinch
Although it is unclear if the United States and China will be able to meet a 90-day deadline and strike a deal on trade by March 2, the tussle is clearly adding to uncertainty about the future fate of the Chinese government’s strategic plan named “Made in China 2025.” The plan itself is much like other countries’ goals to move up the industrial value chain. According to Beijing’s plan, China aims to make the country a world leader in 10 key sectors such as robotics, information technology, and artificial intelligence by 2025. However, what has raised concerns is how China is going about reaching that goal. Foreign companies and governments have voiced growing concern about the plan and the Chinese policy and practice of forcing companies to hand over technology in exchange for access to the country’s massive economy. At the same time, analysts believe Beijing has done little to stop Chinese companies from stealing technology through their operations overseas. Dilute or delay? Pushback from abroad has already impacted the implementation of Made in China 2025, said Anna Holzman, a junior research associate with the Berlin-based Mercator Institute of China Studies (MERICS). “The tough stance followed by actions taken by the United States has notably increased the sense of urgency amongst Chinese policymakers to speed-up the development of domestic capabilities,” she said. Aside from the trade deficit, forced technology transfers are a key reason why President Donald Trump launched the trade war. It is also the main component of ongoing negotiations between the world’s two biggest economies. During last week’s talks, China said the two sides made progress on addressing the issue of technology transfers as well as other structural problems. But the trade dispute, rising investment restrictions on its companies in western countries, and declines in its own industrial... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, 'Made in China 2025' Feels Trade War Pinch, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you
Published By: VOA NEWS - Tuesday, 15 January, 2019
- Older News
- Vote! Singapore’s small firms hit by US-China trade war want help, but relief may take some time yet SOUTH CHINA MORNING POST (3 days ago) - Singapore manufacturing company Aluputer Industrial is hurting from the ongoing trade war United States president Donald Trump is waging with China.“We are feeling the impact on materials we purchase from...
- Vote! Experts allay US-China currency war fears Bangkok Post (7 days ago) - The tit-for-tat trade war between the US and China is likely far from over, but is unlikely to be spill over into a currency war, say trade analysts....
Popular Asia Job Post Articles
- - Census Figures Show Economic Gap Narrows with Citizenship
- - Post-Brexit US-UK Trade Deal Under Threat
- - FBI: Truck Driver Threatened Mass Shooting at Memphis Church
- - 25th James Bond Film Gets a Title: 'No Time to Die'
- - Earth's Future Being Written in Fast-Melting Greenland
- - Israeli, US Militaries Simulate Ship Hijacking Amid Tensions
- - Italian PM Conte to Resign After League Party Pulls Backing
- - U.S. envoy to visit Qatar, Afghanistan for peace talks
- - U.S. warns Sri Lanka on investment, military ties after army chief promotion
- - It’s All About Presidential Memorabilia