Economics
Doubt Builds Over China's Retreat From Industrial Dominance Plan
- Trump advisers say actions more important than rebranding
- Chinese officials see easy concession to appease Trump
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In Washington and Beijing, the idea that China is willing to water down its plans for high-tech industrial dominance to appease President Donald Trump is already meeting with skepticism.
Faced with tariffs on some $250 billion in Chinese exports to the U.S. and threats from Trump of more to come, Chinese officials are now working on plans to extend the targets in the Made in China 2025 strategy by another decade and open sectors up to further foreign participation to try and satisfy U.S. demands, according to people familiar with the discussions.