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'Made in China 2025' message understated by Beijing

Beijing has begun to downplay Made in China 2025, the state-backed industrial policy as it has provoked alarm in the West and is core to Washington's complaints about the country's technological ambitions. The policy, unveiled by China's State Council in 2015, involves China catching up with rivals in sectors including robotics, aerospace, clean-energy cars and advanced basic materials. The strategy helps China to move up the value chain and achieve Xi's vision of urning the country into a global superpower by 2050.

But the policy has provoked the Trump team, including US Trade Representative Robert Lighthizer and trade and manufacturing adviser Peter Navarro, author of the book “Death by China.” Trump's initial list of tariffs on $50 billion in Chinese goods, which will begin taking effect on July 6, specifically targets items related to Made in China 2025. Under the plan, Beijing wants Chinese suppliers to capture 70 percent of market share by 2025 for “basic core components and important basic materials” in strategic industries.

 

 
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