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Made In China 2025 Plan Irking Beijing's Trading Partners
Views: 92 · Added: 2420 days agoBEIJING (AP) - U.S. officials have a name for their frustration with Beijing's technology ambitions: "Made in China 2025."
Issued in 2015, it calls for China to develop its own global competitors in fields from information technology to electric cars to pharmaceuticals. The U.S. Trade Representative's Office cited "Made in China 2025" in announcing last week a $50 billion list of Chinese goods targeted for President Donald Trump's tariff hike.
Many countries have similar plans. But American officials contend China's tactics include subsidizing local chữa viêm phụ khoa bằng thuốc nam companies, shielding them from competition and pressuring foreign companies to hand over technology.
FILE- In this Aug. 23, 2017 file photo, a college student carries his robot dressed like the Chinese mythical Monkey King character for a competition during the World Robot Conference at the Yichuang International Conference and Exhibition Centre in Beijing, China. U.S. officials have a name for their frustration with Beijing's technology ambitions: 'Made in China 2025.' President Donald Trump's government says China's plan to create global competitors in fields from information technology to electric cars to pharmaceuticals is cách chữa viêm nhiễm phụ khoa an example of policies that prompted Trump's threat to hike tariffs on $50 billion of Chinese goods. They say China's tactics include improperly subsidizing local and pressuring foreign competitors to hand over technology.(AP Photo/Andy Wong, File)
The plan reflects Beijing's "intention of seizing economic leadership in advanced technology," said the USTR statement.
"Made in China 2025" isn't the first time Beijing's technology and industry plans have rankled trading partners who say they violate promises to open markets and treat foreign and Chinese companies equally. Below are some details on the issue:
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WHAT DO CHINESE LEADERS WANT?:
Communist leaders want to transform China from a low-cost factory into a creator of profitable technologies in areas including electric cars, solar and wind power, robotics and information technology.
China assembles 90 percent of the world's mobile phones and 80 percent of its computers. But it relies on technology and components from the United States, Europe and Japan, which get most of the profit.