Still, the Mercator report said that the policy is likely to bolster a “small vanguard” of leading Chinese companies, adding, “These front-runners are likely to dominate their sectors on the Chinese market
and become fierce competitors in international markets.”
Keith Bradsher reported from Beijing and Paul Mozur from Hong Kong.
A report by a European business group on Tuesday said the “Made in China 2025” program, which calls for enormous Chinese government assistance to 10 industries, would force out competitors from abroad
and lead to government-subsidized global players that would compete unfairly.
China’s Plan to Build Its Own High-Tech Industries Worries Western Businesses -
By KEITH BRADSHER and PAUL MOZURMARCH 7, 2017
BEIJING — China has charted out a $300 billion plan to become nearly self-sufficient by 2025 in a range of important industries,
from planes to computer chips to electric cars, as it looks to kick-start its next stage of economic development.
“The Chinese make it clear that they want to be the global champion”
and are trying to carve out market share now, said Joerg Wuttke, the president of the European Union Chamber of Commerce in China, which wrote the report.
Indeed, the Chinese government’s plan says Chinese industries that benefit should own as much as 80 percent of their home market in just eight years.
Although European and American government officials have expressed misgivings about the
plan, the Chinese government has made clear in recent days that it plans to press on.