×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: China | Tech Plan

China Issues Plan to Promote High-tech Manufacturing

Friday, 15 November 2019 05:38 AM

BEIJING (AP) — China’s government has issued a plan to promote high-tech manufacturing after discarding a strategy that helped trigger a tariff war with Washington.

A statement Friday by the Cabinet’s planning agency calls for the government to help manufacturers in autos, electronics and other fields. It gives few details about how that will be carried out or whether it will involve potentially contentious market barriers or subsidies.

A previous development plan, “Made in China 2025,” called for government-led creation of Chinese global competitors in robotics, electric cars and other fields.

The United States and other trading partners complained that “Made in China 2025” and other plans based on subsidizing or shielding fledgling Chinese industries from competition would violate Beijing’s market-opening obligations.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
China's government has issued a plan to promote high-tech manufacturing after discarding a strategy that helped trigger a tariff war with Washington.A statement Friday by the Cabinet's planning agency calls for the government to help manufacturers in autos, electronics and...
China,Tech Plan
121
2019-38-15
Friday, 15 November 2019 05:38 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved