The „broad set of policy tools“ Beijing is deploying to boost made-in-China products „are highly problematic,“ says a new report.
The European Union Chamber of Commerce in Beijing published a lengthy report on Tuesday, criticizing the China Manufacturing 2025 strategy. It says foreign companies are being unfairly treated, and warns that government subsidies could create huge overcapacity in certain sectors.
Dubbed the „Made in China“ plan by Chinese media, the strategy adopted in 2015 outlines how Beijing plans to accelerate growth in 10 industries, including robotics, electric cars and next generation technology.
The „broad set of policy tools“ Beijing is deploying „are highly problematic,“ the chamber said in its report.
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It cited unfair treatment of foreign automakers as one example. In order to produce and sell electric vehicles in China, European companies are being pushed to share their battery technology with Chinese partners.
„European business is facing intense pressure to turn over advanced technology in exchange for near-term market access,“ the report said.
