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Biden Signals Continued Beijing Tension Over Industrial Policy

  • Chinese plans may exacerbate market distortions, USTR says
  • Beijing’s plans can ‘do long-lasting damage to U.S. interests’
Updated on

The Biden administration raised concern about some of the policy tools China is using to spur its economy, saying they crowd out international companies and will skew markets.

“Made in China 2025,” a key 10-year plan released in 2015 and laying out Beijing’s industrial-policy aspirations, includes a wide array of state intervention and support that restricts and discriminates against foreign enterprises, the U.S. Trade Representative said in its 2021 estimate report on foreign-trade barriers released Wednesday.